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Pakistan Declared Cheapest Country To Live In: Farrukh Habib

FOOLS_NIGHTMARE

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State Minister for Information Farrukh Habib on Sunday said that Pakistan has been ranked cheapest country to live in by the World Population Review in its annual report about the “cost of living for countries in 2021”.

In a series of tweets, he said the report showed that the country’s cost of living was 18.58 with 225.19 million population, followed by Afghanistan and India where the cost of living was 24.51 and 25.14 with population of 39.835 million and 1.39 billion, respectively.

The minister said the cost of living in Uzbekistan was 30.25, 30.69 in Nepal, 31.75 in Nigeria, 38.72 in Vietnam, 39.46 in Malaysia and 42.64 in Brazil.

He said the most expensive countries to live in were Cayman Islands and Bermuda where the cost of living was 141.64 and 138.22, respectively.

The cost of living in Switzerland was 122.67, while Norway had 104.49, he added.

Farrukh said the metrics used by the international organization to determine cost of living in each country included rent index, purchasing power, consumer price and grocery indices.



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The cost of living maybe the lowest and so are the wages, the rate of people falling below the poverty line is also alarming.
 

Imran Khan

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more poor your country is more cheaper everything will be compare to dollar . nothing to be proud of if doors open today all pakistanis will move to expensive countries .
 

Cash GK

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more poor your country is more cheaper everything will be compare to dollar . nothing to be proud of if doors open today all pakistanis will move to expensive countries .
I bought diesel 1.345 euro per letter. I euro equal 1.81 rupe. After pandemic world is supper fouked
 

313ghazi

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Who is the source he quoted and what relevance does it really have? Govt should focus on how affordable life is for Pakistani within Pakistan.

People in the most expensive countries also have the highest standards of living.
 

Cash GK

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Before pandemic it was .90 cent and governments had printed lots of money which resulted lots of Recession.1.9 trillions dollars help package from usa eu 1400 billions euro uk around 600 billions. Man this is hel of money flowing in market.fabrication is low because of 70 percent smaller factories were closed temporarily or permanently
 

ARMalik

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Try asking this from people who live in Pakistan ! It is bloody expensive to live in Pakistan for ordinary people.
 

IceCold

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The cost of living maybe the lowest and so are the wages, the rate of people falling below the poverty line is also alarming
So are you suggesting that world population review didn't considered that before reviewing? You do realize that both things are interconnected. If more and more people are falling down the poverty line as you stated than that would mean Pakistan becoming an expensive county with higher prices of commodities that people couldnt afford.
Then there are other metrics as well but than that would be push the debate elsewhere.
 

crankthatskunk

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more poor your country is more cheaper everything will be compare to dollar . nothing to be proud of if doors open today all pakistanis will move to expensive countries .
You need education. Go get one, quick before it is too late.

I give you examples. May teach you a thing or two.

Take the example of UAE, Pakistan, BD, Nigeria etc. To make you understand the real problems with countries and how to read the data.

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UAE For example is a cheap place to live, despite its high Per Capita Income and Purchasing Power of the people.

Nigeria and Bangladesh for examples are cheap country to live, but their population purchasing power is less than the prices they are paying. In case of Nigeria a huge huge problem, thus extreme poverty in poor people. Similarly BD has same issues , purchasing power is less than the cost of living.
Pakistan on the other hand has a positive purchasing power compared to cost of living.

There are other factors to consider off course, like distribution of income etc.
That's where Indians figures are distorted, even though the purchasing power is showing in positive, but it still has huge number of people living in abject poverty.

Compared to UAE, the Western rich countries for example UK and France do not have such a huge gap between cost of living and purchasing power.

UK Cost of f Living 70.64 and Purchasing power at 77.47
France , cost of living 77.59 and purchasing power at 76.36, New Zealand, Holland have similar problems like France. Slightly higher Cost of livings compared to Purchasing powers.

The worst imbalance is poor Barbados. Where poor get the huge burden, while few benefit from tourists as "Best Holiday Destination" tag. Cost of living 94.44 , while Purchasing power at only 30.74.

First lesson completed.
 
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TNT

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Look at rhe stupid logic of these morons. By that logic pomegranate is Rs 20 per kilo in Afghanistan, and cheapest land ia in sudan, so they should move to those countries. Its not about cost but how much u earn to be able to buy at the prices. Comparing prices without comparing economy, purchasing power and inflation.
 

blueazure

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if pak is cheapest place, why is everyone trying to leave ?

most of my friends have migrated to canada/ Europe/ US etc

i hear canada real estate is quiet expensive , ???
 

crankthatskunk

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Then why do they tax people like they killed Jesus in Pakistan?

Election slogan should be a promise of tax free country.
I know you always come up with post against PTI, must be something in the water.
Every country tax people, wake up my friend.
if pak is cheapest place, why is everyone trying to leave ?

most of my friends have migrated to canada/ Europe/ US etc

i hear canada real estate is quiet expensive , ???
It is all relative. Even in Europe and USA there are plenty of poor people, homeless people, destitute.
Pakistan is cheap without shadow of a doubt.
They do consider everything in Cost of Living and comparative Purchasing power capabilities.

Look at my post earlier. I have given examples of selected countries to clarify the points.
 

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