Where in Pakistan did you get ripped off?I find Pakistan more expensive than Canada when buying food and clothing. Example when I went there last time (5 years ago) I went to local store to buy smallest bread, smallest butter (the one we get here for free in fast food), 6 eggs and a apple jam cost me 1200 rupee. Its equal to 8 dollars Canadian in those times. For that money I could have bought a full size bread, 12 eggs, 1 pound butter and maybe one cheapest jam.
I was in Pakistan two months ago and I think a dozen eggs cost like 120 rupees. Also desi egg is like 20 rupees for one. Also if you go to big shops instead of bazaar you will definitely get ripped off man.everywhere
tell me any food item price in Pakistan and i will tell you how much in Canada
how much are eggs in winter I only go to Pakistan in winter.I was in Pakistan two months ago and I think a dozen eggs cost like 120 rupees. Also desi egg is like 20 rupees for one. Also if you go to big shops instead of bazaar you will definitely get ripped off man.
brown bread sliced was like 90 rupees from bakery. And jam I think cost 400 rupees at most.
These are prices from Bahawalpur, btw.
You may have been ripped by a store. The size shown above is a common product in almost every city (of course different brands) and the stuff you wrote above shall cost around +/-700 Approx.how much are eggs in winter I only go to Pakistan in winter.
by the way you are only looking and items and their cost, I am talking about the their price with respect to size
Example this is the butter size, easily available for 2.50 Canadian
View attachment 766762
this bread is 1.99
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these sizes are not even heard of in Pakistan.
so its not just the bread and price but its bread(size) with price
So, you may be talking about purchasing power index.I know you always come up with post against PTI, must be something in the water.
Every country tax people, wake up my friend.
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.
You were sleeping for last 70 years!!Normally people demand service before payment.
Is it not a fair demand since living is dirt cheap as per GoP?
No I am not. The figures I produced were from their own data , cost of living index vs the purchasing power.So, you may be talking about purchasing power index.
Purchasing Power Index by Country 2020 (Bangladesh 33, Pakistan 30).
I am no economist - but I remember that GINI coefficient is a ratio where equal/unequal growth was expressed in a numbered index. There - Bangladesh and Pakistan are very similar, just north of 30 or so (so is most of the subcontinent). However Philippines is interesting because they have exceeded 40, like some undeveloped African countries - so maybe more unequal growth situation.
I know for a fact that the Philippines is a textbook example of unequal growth (vast swatches of poor just like ours while some rich live in near-Western standards).
Thanks brother - great explanation...No I am not. The figures I produced were from their own data , cost of living index vs the purchasing power.
What they have done is weighted it. Otherwise, Purchasing power and cost of living on their own does not tell the whole story.
The real issue is what people can buy from that purchasing power to maintain their living i.e. cost of living.
Otherwise, the rich countries naturally would have more purchasing power. But when you pitched the cost of living against that purchasing power, many western countries have negative purchasing power.
For example, cost of living index for both UK and USA is almost similar, UK 70.64 and USA 70.55 but their Purchasing power is different UK only 77.47 and USA 94.32.
This mean despite having similar cost of living, UK is expensive for its population, while in the USA people can easily effort their cost of living and still save quiet high % of their income.
That's why I picked UAE as an example, because their Purchasing power vs their cost of living is quiet high, meaning, people have lot more savings.
Thank you brother.Thanks brother - great explanation...
This is a comparative analysis of cost of living. The comparison is done with New York City.View attachment 766648
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.
ISLAMABAD (92 News) – 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”.92newshd.tv
وزیرِ مملکت برائے اطلاعات و نشریات فرخ حبیب کا کہنا ہے کہ رہن سہن کے اخراجات میں پاکستان سستا ترین ملک قرار دیا گیا ہے۔jang.com.pk
View attachment 766650
The cost of living maybe the lowest and so are the wages, the rate of people falling below the poverty line is also alarming.