Times of Islamabad

Pakistan among world cheapest countries to live in

Pakistan among world cheapest countries to live in

ISLAMABAD – The world’s largest database about cities and countriesworldwide, Numbeo, has ranked Pakistan as the most economical country tolive in.

In its Cost of Living Index for Country 2019, the website ranked Pakistanas the last in the list of a total of 119 countries.

According to the website, Pakistan has the lowest cost of living whileSwitzerland has the highest. The cost of living index of Pakistan in 2019is recorded as 20.4 with a rent index of 4.5. The cost of living plus rentindex is 12.76 while the groceries index is 18.25.

Pakistan’s local purchasing power index stands at 38.61.

Switzerland, the most expensive country to live as per the index, has arent index of 50.25 and the purchasing power index of 129.7. Iceland is thesecond most expensive country with a cost of living index of 101.86 and thepurchasing power index of 129.7.

The US has been ranked as the 20thcountry on the list with a cost of livingindex of 69.91. The United Kingdom is the 24th most expensive country witha cost of living index of 65.28.