According to the latest report of CEOWorld Magazine, Pakistan ranks among 132 countries among the most affordable in the world. Only war-torn nations like Afghanistan and Syria have been put on the index above Pakistan.
The calculation of CEOWORLD is based on various living costs including housing, clothes, taxi rates, utility services, internet, food prices, transportation and food. The rankings are based on five main measures: living expenses, rent, food, and procurement.
These data are then compiled into an index, using city of New York City (NYC) as a benchmark. New York was given an index score of 100.
So, Pakistan scored 21.98 for cost of living, 4.59 points on rent index, 19.08 points on groceries index, 16.78 points on eating out index and 30.57 points on purchasing power index.
Meanwhile, Switzerland was ranked the most expensive country on earth to live in. European countries were prominent on the most expensive list, of the top-twenty nations, nine were in Europe, five in Asia, one in North America, one in Africa, two in the Caribbean, and two in Oceania.
Norway ranks second in the list of the world’s most expensive countries to live, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea.