02/12/2022
The Economist Intelligence Unit (EIU) has issued the annual report on the Worldwide Cost of Living for 2022. According to the survey, Karachi is the world’s sixth most affordable city to live in.
The UK-based Economist Group’s forecasting, consulting, research, and analysis division, EIU, releases a “Worldwide Cost of Living” report every year.
As per the report, Syria’s capital, Damascus, sits at the top of the list of the most affordable cities followed by Libya’s capital, Tripoli, which steals the second spot. Due to the ongoing-armed crises in both Syria and Libya, the economies of both cities remained in turbulence this year. Tunisia’s Tunis has been ranked fourth on the list
Surprisingly, eight Asian cities have been placed among the most affordable cities in the world. Karachi has been ranked sixth in the most recent edition of the survey, retaining its position from 2021, while Tehran (Iran), Tashkent (Uzbekistan), and Almaty (Kazakhstan) have been placed at third, fifth, and seventh positions, respectively.
In addition, India’s Ahmedabad and Chennai sit at eighth and ninth spots, while another Indian city, Bangalore, and Sri Lanka’s Colombo share the tenth rank with Algeria’s Algiers.