HomeEconomyKarachi is the 6th Most Affordable City in the World: Report

Karachi is the 6th Most Affordable City in the World: Report

The Economist Intelligence Unit (EIU) has just published an annual report of the Worldwide Cost of Living for 2019. According to the report, Karachi is the 6th cheapest city in the world to live in.

EIU is a Britain based forecasting, advisory, research, and analysis firm which publishes a “Worldwide Cost of Living” report each year.

Venezuela’s capital Caracas tops the list for the cheapest cities. Last year, Venezuela remained mired in economic turmoil due to hyperinflation that sparked widespread agitation against the government. Whereas Damascus, the Syrian capital, is the 2nd cheapest city after Caracas. Damascus topped the list in 2018.

The report places four South Asian cities in the top 10. One of them is in #Pakistan while the rest are in India. Karachi has been placed at 6th position in the latest edition of the report while Bangalore, Chennai, and New Delhi are ranked 5th, 8th, and 10th respectively.

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