http://www.businessweek.com/globalbiz/content/jun2010/gb20100629_696577.htm
Way to go Karachiites…You are doing somethings Right!..:k:
and Islamabad is #3…not bad at all…:k:
Re: Lowest Cost City in the World - #1 Karachi
Hate it to break it to you but obviously Karachi will be lowest in cost since there is no electricity for days, and no water. So if there is no electricity and water, there won't be any bills and automatically cost of living will be low. Jeez.
Re: Lowest Cost City in the World - #1 Karachi
:k:
Re: Lowest Cost City in the World - #1 Karachi
hm.. wonder what their parameters are.
last time i went to pakistan I found isb cheaper than karachi esp when it came to things like groceries.
Re: Lowest Cost City in the World - #1 Karachi
Islamabad cheaper?
The groceries are probably the same as other cities of Punjab but everything else is way more expensive.
Karachi probably cheaper bcoz of major wholesail retailers in Karachi and lot of rejected export goods also thrown into local market.
Re: Lowest Cost City in the World - #1 Karachi
Sorry friend. As the article says, Karachi is cheaper in the world only due to low cost living and people selecting alternative brands of products.
Karachi may be cheaper for an outsider but for the residents of the city (and the whole country) everything is out of reach. And inflation is still growing unabated.
Sad to say, but to me there is nothing to cheer about. I would prefer an expensive city which residents can still afford than a cheapest city which almost no one can afford.
http://www.businessweek.com/news/2010-07-30/pakistan-increases-key-rate-on-inflation-outlook.html
July 30 (Bloomberg) – Pakistan’s central bank unexpectedly increased its benchmark interest rate for the first time in four meetings as** power and food costs add to inflationary pressures.**
Re: Lowest Cost City in the World - #1 Karachi
Cheapest for expats.... if any are left in the country.
Re: Lowest Cost City in the World - #1 Karachi
Lowest cost in terms of human life
Hate it to break it to you but obviously Karachi will be lowest in cost since there is no electricity for days, and no water. So if there is no electricity and water, there won't be any bills and automatically cost of living will be low. Jeez.
Loadshedding is now widespread throughout the country, Karachi is not alone now. BTW loadshedding doesn't really mean lighter electricity bill, check out how fast the rates are going up for the electricity.
Re: Lowest Cost City in the World - #1 Karachi
Islamabad on number 3??? Islamabad is expensive!!! Always was!
Re: Lowest Cost City in the World - #1 Karachi
i dunno... all i know is i thought fruit and vegetables were relatively cheaper in isb compared to karachi. maybe it was the area i was at.
Re: Lowest Cost City in the World - #1 Karachi
fruits and veggies perhaps because most of them come from adjoining areas, and go on trucks to karachi and other areas so the added cost which is alright... the mandi is cheap... however, its still a better option to go a few kms and get ur stuff from pindi...
Re: Lowest Cost City in the World - #1 Karachi
Lahore cheapest.
Mind , body or both
Re: Lowest Cost City in the World - #1 Karachi
One would think 'real estate value' would have big impact on cost of living.
:k:
Hate it to break it to you but obviously Karachi will be lowest in cost since there is no electricity for days, and no water. So if there is no electricity and water, there won't be any bills and automatically cost of living will be low. Jeez.
Dubaiwali are we a wee bit green with envy........
r u afraid all the rich people may move to Karachi..............:)
Lahore cheapest. Mind , body or both
Yes Lahore has a lot more to offer in culture!
but you cannot beat Karachi's sea breeze!
Here is what they were comparing:
Kolkatta, India made it to #8
Rent for a high-end, two-bedroom apartment: $647
One cup of coffee at a café: $2.91
Three-course business dinner (per person): $69
Name-brand polo shirt (unisex): NA
One liter of gas: $1.01
No. 3: Islamabad, Pakistan
Rent for a high-end, two-bedroom apartment: $800
One cup of coffee at a café: $2.39
Three-course business dinner (per person): $41
Name-brand polo shirt (unisex): NA
One liter of gas: $1.02
No. 1: Karachi, Pakistan
Rent for a high-end, two-bedroom apartment: $353*
One cup of coffee at a café: $2.24*
Three-course business dinner (per person): $43*
Name-brand polo shirt (unisex): NA*
One liter of gas:** $1.03*
You can not beat statistics…:k:
I know not too many average Pakistani’s can afford these prices, but it is good for the well to do expats!
Re: Lowest Cost City in the World - #1 Karachi
sagar bhai, i can quote may cities in the US which are cheaper...
Rent for a high-end, two-bedroom apartment: $800
One cup of coffee at a café: $2.39
Three-course business dinner (per person): $41
Name-brand polo shirt (unisex): NA
One liter of gas: $1.02
Here is what they were comparing:
Kolkatta, India made it to #8
Rent for a high-end, two-bedroom apartment: $647 One cup of coffee at a café: $2.91 Three-course business dinner (per person): $69 Name-brand polo shirt (unisex): NA One liter of gas: $1.01
No. 3: Islamabad, Pakistan
Rent for a high-end, two-bedroom apartment: $800 One cup of coffee at a café: $2.39 Three-course business dinner (per person): $41 Name-brand polo shirt (unisex): NA One liter of gas: $1.02
No. 1: Karachi, Pakistan
Rent for a high-end, two-bedroom apartment: $353* One cup of coffee at a café: $2.24* Three-course business dinner (per person): $43* Name-brand polo shirt (unisex): NA* One liter of gas:** $1.03*
Youfor the well to do expats!
All this take into account the population as well? Karachi is among top 10 cities of the world in number of inhabitants.