Karachi among cheapest cities in the world: Survey
Published: July 7, 2011
SYDNEY: Karachi has been ranked among the cheapest city in the world, landing up at the bottom of the index for the Economist Intelligence Unit’s biennial cost of living survey.
Most of 10 cheapest cities were in South Asia with Mumbai and New Delhi also in the bottom 10, while the Sri Lankan capital Colombo came in 114th, in the bottom 20, revealed the new global survey published on Thursday.
“Despite the rise of India as a growing emerging-market economy, the low cost of living in cities continues to reflect the fact that the subcontinent remains a comparatively cheap place to live and work,” the survey said.
Tokyo took the “dubious” honour of the world’s most expensive city, a title it has held for much of the past two decades, with Osaka ranking third.
Karachi among cheapest cities in the world: Survey – The Express Tribune