Karachi among world’s least expensive cities in new report

09:30 PM | 2 Dec, 2022
Karachi among world’s least expensive cities in new report
Source: File Photo

Pakistan’s southern port city of Karachi has been ranked among the top 10 least expensive cities in the world, according to The Economist Intelligence Unit's (EIU) Worldwide Cost of Living 2022 report.

It has ranked Damascus (Syria) and Tripoli (Libya) as the cheapest cities while Karachi stood at the sixth place on the index.

Iran’s capital Tehran is the third least expensive city followed by Tunis and Taskent at fourth and fifth spots.

Kazakhstan’s Almaty and two Indian cities -- Ahmedabad and Chennai -- have been ranked seventh, eighth and ninth while Algiers is the tenth least expensive city in the world.


Damascus is the capital of war-ravaged Syria which is suffering from deteriorating economy.


Tripoli is the capital and largest city of Libya, with a population of about 1.1 million people. It has been ranked second in terms of living expenses.


Tehran is the capital of Iran, in the north of the country. According to 2016 estimate, his population is nearly nine million.


Tunis is the capital and largest city of Tunisia, a country in North Africa. Its population is less than one millions and has been ranked fifth cheapest city in the world.


Karachi is the most populous city in Pakistan and one of the most populous cities in the world, with a population of over 20 million. It has been ranked sixth least expensive city.

Meanwhile, New York tops the rankings for the first time, tying with frequent leader Singapore, which is back in pole position for the eighth time in ten years. Together the two have bumped Tel Aviv (Israel; top last year) down into third place, EIU said in a statement.

Hong Kong and Los Angeles has been ranked at fourth spot.

New York

New York is the most populous city in the United States with its population stands at 8.46 million. Constant increase in house rents, and living expenses has made it the most expensive city.


Singapore is a city-state with population of more than six million. It has the world's highest transport prices, owing to strict government controls on car numbers.

Tel Aviv

It is a city of Israel, which is not recognised by Pakistan due to Palestine issue. The appreciating Israeli currency new shekel against the U.S. dollar has made local costs more expensive.

Hong Kong

Hong Kong has been ranked fourth as the most expensive city to live in due to rising prices of various items.

EIU said that the cost living survey has seen prices shoot up by 8.1% year on year on average in 172 major cities worldwide.

The war in Ukraine and continuing supply-chain problems have contributed to price rises, affecting production and trade across the world.


Rupee recovers marginally against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan - 30 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates in Pakistan increase; Check today’s gold rates 30 November 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 30 November 2023

On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.

Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,600 PKR 2,675
Karachi PKR 218,600 PKR 2,675
Islamabad PKR 218,600 PKR 2,675
Peshawar PKR 218,600 PKR 2,675
Quetta PKR 218,600 PKR 2,675
Sialkot PKR 218,600 PKR 2,675
Attock PKR 218,600 PKR 2,675
Gujranwala PKR 218,600 PKR 2,675
Jehlum PKR 218,600 PKR 2,675
Multan PKR 218,600 PKR 2,675
Bahawalpur PKR 218,600 PKR 2,675
Gujrat PKR 218,600 PKR 2,675
Nawabshah PKR 218,600 PKR 2,675
Chakwal PKR 218,600 PKR 2,675
Hyderabad PKR 218,600 PKR 2,675
Nowshehra PKR 218,600 PKR 2,675
Sargodha PKR 218,600 PKR 2,675
Faisalabad PKR 218,600 PKR 2,675
Mirpur PKR 218,600 PKR 2,675


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter