Pakistan is now recognized as the world’s most affordable country to live in, according to recent rankings. Despite facing economic challenges, including a fiscal deficit and unstable political environment, the nation’s low cost of living may appeal to expatriates.
This highlights the intricate relationship between economic indicators and the daily realities faced by citizens worldwide.
According to the latest rankings by the World of Statistics, they have recently identified Pakistan as the most economical country to reside in globally.
Egypt and India follow closely in the second and third positions on the cost of living index. Countries such as Nigeria, Libya, Syria, and Kenya have a comparatively higher cost of living, contrasting with Pakistan’s recently identified economical status.
Notably, Turkey secures the 10th position among the least expensive nations worldwide.
The nation contends with a fiscal deficit, a fragile tax base, and inadequate infrastructure, contributing to a complex economic landscape.
Despite these economic challenges, the country’s affordability may capture the interest of expatriates and individuals on a budget.
The juxtaposition of economic affordability and prevailing challenges underscores the intricate interplay between economic indicators and the day-to-day realities faced by the citizens of these nations.
This calls for a closer examination of the diverse factors influencing the cost of living and economic dynamics across different parts of the world.