{"id":30133,"date":"2023-11-30T20:05:10","date_gmt":"2023-11-30T20:05:10","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/karachi-ranked-worlds-fourth-cheapest-city-to-live-in-the-express-tribune\/"},"modified":"2023-11-30T20:05:10","modified_gmt":"2023-11-30T20:05:10","slug":"karachi-ranked-worlds-fourth-cheapest-city-to-live-in-the-express-tribune","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/karachi-ranked-worlds-fourth-cheapest-city-to-live-in-the-express-tribune\/","title":{"rendered":"Karachi ranked world\u2019s fourth cheapest city to live in | The Express Tribune"},"content":{"rendered":"
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Karachi, the country\u2019s bustling metropolis, stands as the fourth cheapest city in the world to live in, offering an affordable lifestyle amid its vibrant cultural tapestry, according to a reputable and authoritative organisation of economics and statistics.<\/p>\n

A survey of 173 cities reveals a world still being pinched by the Covid-19 aftermath, wars in various regions as well as natural disasters, all contributing to a global economic sluggishness, and the living crisis is far from over for many, particularly those who are living in big cities.<\/p>\n

According to the annual Worldwide Cost of Living Index report by the Economist Intelligence Unit (EIU), the average cost of living rose by 7.4% this year, with rise in grocery prices the steepest.<\/p>\n

The data is based on a survey of 200 daily necessities and services between Aug 14 and Sept 11.<\/p>\n

The EIU listed 173 cities with Singapore and Zurich as the most expensive cities in the world to live in.<\/p>\n

They are followed by New York and Geneva on second, followed by Hong Kong, Los Angeles, Paris, Tel Aviv, Copenhagen and San Francisco among the top-10.<\/p>\n

Read also:\u00a0Neglected Karachi<\/a><\/strong><\/p>\n

On the other hand, it rated the capital of war-devastated Syria as the cheapest city in the world for a fourth consecutive time, followed by Tehran at second, Tripoli third, Karachi fourth and Tashkent fifth.<\/p>\n

Other cities on the list are Tunisia, Lusaka, and Ahmedabad.<\/p>\n

Karachi\u2019s relatively low cost of living stems from various factors, including \u201cfavourable\u201d exchange rates, inexpensive housing options, and accessible transportation.<\/p>\n

The report said that groceries, utilities, and clothing are all remarkably affordable, allowing residents to stretch their budgets further.<\/p>\n

Despite its affordability, Karachi boasts of a diverse culinary scene, ranging from street food stalls to upscale dining establishments.<\/p>\n

The city’s cultural attractions, including historical landmarks, vibrant bazaars, and lively festivals, provide ample opportunities for entertainment and exploration.<\/p>\n<\/div>\n