Karachi among world’s cheapest cities?

By Rizwan Khatik - Thu Feb 16, 11:19 am

Karachi has been ranked the cheapest city in the world, for the second year running.According to a report published in The Wall Street Journal, Pakistan’s biggest city landed up at the bottom of the index for the Economist Intelligence Unit’s world-wide cost-of-living survey.

Asian cities moved up the ranking, with Singapore gaining one place to 9th spot and Seoul climbing nine places to 27th.  Asia was also home to some of the cheapest cities. Three of the four cheapest were in South Asia, including  New Delhi and Mumbai in India, and Karachi in Pakistan, which was the cheapest of cities surveyed

Zurich topped Tokyo to become the world’s most expensive city, as surging currencies push up the cost of living in countries like Switzerland and Australia, a survey showed on Tuesday.