Pakistan has recently emerged as the world’s least expensive country to live in, as per the latest rankings by the World of Statistics. The cost of living index places Egypt and India in the second and third positions, respectively. Conversely, countries like Nigeria, Libya, Syria, and Kenya are reported to have a relatively higher cost of living. Notably, Turkey secures the 10th spot among the least expensive nations globally.
This ranking is juxtaposed against the backdrop of Pakistan’s intricate challenges, characterized by an unstable political environment and economic issues. The nation grapples with a fiscal deficit, a fragile tax base, and inadequate infrastructure. These factors contribute to an intricate economic landscape. Despite its economic challenges, the country’s low cost of living may attract attention from expatriates and budget-conscious individuals.
The juxtaposition of economic affordability and prevailing challenges underscores the complex interplay between economic indicators and the day-to-day realities faced by the citizens of these nations. It prompts a closer examination of the diverse factors that shape the cost of living and economic dynamics in different parts of the world.
