Karachi is the sixth most cheap city in the world, according to the “Worldwide Cost of Living (WCOL) index 2022” study produced by the economic intelligence unit (EIU).
According to the EIU, which monitors the cost of living in 172 countries, inflation in the world’s largest cities grew by an average of 8.1% last year, the highest pace in the previous 20 years.
Damascus, Syria, is the most affordable city in the world, according to the WCOL, followed by Tripoli, Libya, Tehran, Iran, Tunis, Tunisia, Tashkent, Uzbekistan, and Karachi (Pakistan).
The investigation found that the list of least costly countries correctly reflected the countries’ shaky economies and currencies.
For the eighth time in 10 years, Singapore is ranked as the most expensive country in the world, tied with New York (USA). The top ten cities are Tel Aviv (Israel), Hong Kong, Los Angeles, and Zurich (Switzerland).
According to the most recent data, Asian cities dominate the list of the top 10 cheapest cities in the world.
Between August 16 and September 16, the survey claimed to have tracked the pricing of 200 goods. The survey did not include Ukraine’s capital, Kiev, this year due to the Russia-Ukraine war.