Pakistan is the cheapest country in the world ,Says selected PM Imran Niazi

Society Pakistan & World Affairs
1

In a surprising statement , our imposed selected PM Imran Niazi declared Pakistan is the cheapest country of the world

It was actually influenced by a statement of a federal minister and PTI leader Farrukh Habib a day ago

Looking for a serious discussion on the issue

https://pbs.twimg.com/profile_images/1374449680571011074/TT2cc963_bigger.jpg
Farrukh Habib

@FarrukhHabibISF](https://twitter.com/FarrukhHabibISF)
·
Jul 31
افغانستان میں کاسٹ آف لیونگ 24.51 دوسرا سستا ترین اور انڈیا میں کاسٹ آف لیونگ 25.14 کیساتھ تیسرا سستا ملک ہے۔ازبکستان میں کاسٹ آف لیونگ30.25، نیپال 30.69،نائیجریا 31.75،ویتنام 38.72، ملائیشا 39.46،برازیل میں 42.64ہے۔
Quote Tweet

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Farrukh Habib
@FarrukhHabibISF
· Jul 31
کاسٹ آف لیونگ کے حوالے سے دنیا کے مہنگے ترین ممالک میں کیمین آئس لینڈ میں 141.64، برمنڈا میں 138.22، سوئززلینڈ میں 122.67اور ناروے میں 104.49ہے۔ عالمی ادارے نے ہر ملک کی رینٹ انڈیکس، مقامی قومی خرید، کنزیومر پرائس انڈیکس اور گروسری انڈیکس کو مد نظر رکھ کر یہ رپورٹ تیار کی ہے twitter.com/farrukhhabibis…
[IMG2=JSON]{“data-align”:“none”,“data-size”:“full”,“src”:“https://pbs.twimg.com/media/E7r2fviXEAABp7D?format=jpg&name=900x900”}[/IMG2]](https://twitter.com/FarrukhHabibISF/status/1421719667563896832/photo/1)

2

May be they are not saying cheap in terms of cost, rather in terms of character? :fbp:

Ok j/k ofcourse.

I think someone needs to present inflation statistics to discuss this matter in seriousness. :chai:

3

It is relative to income, I looked at average doctors wages there and it is 760 dollars/month My massage therapist who comes to our house charges $100 an hour so he makes that much money in a day. I think meat prices here maybe double that Pakistan, we pay around 13 dollars/Kilo for beef, 22 per Kilo for goat, atta here is 1 dollar per kilo, daal around 2 dollars a kilo.

There is also a purchase powe parity index that gives a better picture.

4

The meals are extremely cheap if they are delivered by helicopters.

What was it like like $50 rupees for Imm the dim to ride the helicopter in Islamabad?

5

Pakistan may actually seem far cheaper than the most expensive country (country X) if you are just visiting Pakistan for a few days. But those who live in Pakistan long term realize how misleading that assumption is. I will go as far as saying that Pakistan is the world’s most expensive country with one exception. The level of cheating and corruption is rampant from top to bottom of Pakistani society, and it is only increasing. The only exception is for those who have many connections and can physically beat up anyone who messes with them. That is why the trend to introduce yourself along with your connections is catching up.

Let’s say you want to get something fixed in your car and the expenses are like:

Country X: USD 100/= (parts) + USD 200/= (labor)
Pakistan : USD 050/= (parts) + USD 025/= (labor)

In country X you can leave your car with the mechanic and go to work without worrying about:

  • Fake parts that will neither last a fraction of what the real thing does but also cause damage.
  • Some parts getting stolen from your car
  • Replacement of genuine parts with fake parts
  • Car being driven around town and/or driven carelessly causing other damage
  • Use of improper tools/materials causing damage
  • Being lied to about need for extra parts
  • Shortcuts taken or poor workmanship that causes further damage
  • Being lied to about issue being fixed and billed without any recourse for you
  • Having to go to the mechanic again and again for the same issue

But in Pakistan, none of that applies. No matter how much you worry about being duped, you will still be duped. Although people get duped around the world, the frequency and scale at which these things happen in Pakistan is hard to imagine for the uninitiated. Except of course if you have connections and can call upon some gang to beat up people. For everyone else, the actual cost you pay makes Pakistan the world’s most expensive country.

6

Just to give you latest statics [TABLE]

		Consumer Price Index CPI
		**146.76**
		**144.89**
	
	
		 
		 
		 
	
	
		Producer Prices
		143.14
		164.12

Government of Pakistan
Ministry of Planning, Development and Special Initiatives
PAKISTAN BUREAU OF STATISTICS PRESS RELEASE ON CONSUMER PRICE INDEX (CPI) INFLATION FOR THE MONTH OF JULY, 2021 Indicators Base Year 2015-16 Inflation Rate, July, 2021 over June, 2021 (Month on Month) 1.34 Inflation Rate, July, 2021 over July, 2020 (Year on Year) 8.40 Analysis of Consumer Price Index (CPI) Base Year (2015-16) 1. The CPI on new base (2015-16) comprises of urban CPI and Rural CPI. The Urban CPI covers 35 cities and 356 consumer items. The Rural CPI covers 27 Rural Centers and 244 consumer items. In the new base year (2015-16) National CPI for 12 major groups is also computed by taking weighted average of Urban CPI and Rural CPI. MONTHLY ANALYSIS [July, 2021 over June, 2021] 2. The headline inflation measured by CPI (National) slowed down to 8.4% compared to 9.7% of previous month (June, 2021) and 9.3% of the corresponding month of last year (July, 2020). The Urban CPI has also been contained at 8.7% compared to 9.7% of previous month. However, last year in July, the Urban CPI was recorded at 7.8%, whereas Rural CPI registered at 8.0% compared to 9.7% of previous month and 11.6% of the corresponding month of last year. The Urban Food inflation slowed down to 9.4% compared to 11.0% of the previous month and 15.1% of the corresponding month of last year as well. The rural Food inflation has also been anchored at 7.3% versus 9.8% of previous month and 17.8% of the corresponding month of last year. The non-food inflation in July also slowed down to 8.2% compared to 8.9% of previous month in urban and nonfood of rural slowed down to 8.7% as compared to 9.7% of previous month. Group NATIONAL URBAN RURAL Weight % INDICES % Change Weight (%) INDICES Weight % INDICES July, 2021 June, 2021 July, 2021 June, 2021 % Change July, 2021 June, 2021 % Change General 100.0 146.76 144.82 1.34 100.00 146.41 144.54 1.29 100.00 147.28 145.24 1.40 Food & non-alcoholic Beverages 34.58 151.65 149.04 0.62 30.42 151.66 149.13 0.53 40.87 151.64 148.93 1.82 Non-perishable food items 29.60 153.27 152.29 0.20 25.97 153.10 151.82 0.23 35.08 153.46 152.81 0.43 Perishable food items 4.99 142.01 129.75 0.42 4.46 143.23 133.48 0.30 5.79 140.60 125.41 12.11 Alcoholic Beverages, Tobacco 1.02 144.69 144.79 0.00 0.85 153.94 153.94 0.00 1.28 135.37 135.56 -0.14 Clothing and footwear 8.60 149.60 149.14 0.03 8.01 146.78 146.45 0.02 9.48 153.20 152.58 0.41 Housing, Water, Elec., Gas & other fuels 23.63 142.08 140.11 0.32 27.03 143.00 141.05 0.37 18.49 140.05 138.05 1.45 Furnishing & HH equipment maintenance 4.10 143.21 141.97 0.04 4.09 142.29 140.90 0.04 4.10 144.60 143.57 0.72 Health 2.79 154.33 153.93 0.01 2.31 155.00 154.68 0.01 3.51 153.66 153.18 0.31 Transport 5.91 148.88 143.13 0.23 6.14 150.24 144.31 0.25 5.56 146.61 141.17 3.85 Communication 2.21 109.94 108.65 0.02 2.35 112.29 110.36 0.03 1.99 105.77 105.61 0.15 Recreation and culture 1.59 128.17 127.35 0.01 1.73 125.24 124.35 0.01 1.38 133.72 133.03 0.52 Education 3.79 145.30 144.95 0.01 4.88 147.13 146.89 0.01 2.13 138.99 138.27 0.52 Restaurants and hotels 6.92 143.85 143.36 0.02 7.41 143.31 142.77 0.03 6.19 144.82 144.42 0.28 Misc. goods and services 4.87 154.26 153.38 0.03 4.77 153.38 153.20 0.01 5.02 155.53 153.63 1.24 3. Top few commodities which varied from previous month i.e. June, 2021 are given below: URBAN: FOOD Increased: Tomatoes (82.40%), Onions (34.53%), Vegetable ghee (6.70%), Cooking oil (6.56%), Sugar (5.08%), Potatoes (4.89%), Pulse gram (4.89%), Vegetables (3.69%), Eggs (3.48%), Condiments and Spices (2.65%) and Mustard oil (1.54%). Decreased: Pulse moong (11.36%), Chicken (10.07%), Fruits (7.51%), Pulse mash (5.18%), Pulse masoor (1.24%) and Gram whole

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