LONDON – Pakistan has been ranked at 35 among most miserable countries in the world, according to the latest results of an annual index.
Renowned economist Steve Hanke has issued the Annual Misery Index 2022 that provided rankings for a total of 157 countries.
The index has identified inflation as the primary factor to the recent placement of the South Asian country, which is reeling under severe economic and political challenges, in the index.
The index is the sum of the year-end unemployment, inflation, and bank-lending rates, minus the annual percentage change in real GDP per capita.
The neighbouring country, India, has secured the 103rd place in the index. Sri Lanka is the most miserable country in South Asia closely followed by Pakistan.
The list shows Zimbabwe being the most miserable country in the world while Switzerland is the happiest country followed by Kuwait.
Hanke shared the list of the top 15 most miserable countries on Twitter, expressing his observations. "Thanks to stunning inflation, high unemployment, high lending rates, and anemic real GDP growth, Zimbabwe clocks in as the WORLD'S MOST MISERABLE COUNTRY in the Hanke 2022 Annual Misery Index. Need I say more?" he tweeted.
Venezuela, Syria, Lebanon, Sudan, Argentina, Yemen, Ukraine, Cuba, Turkey, Sri Lanka, Haiti, Angola, Tonga, and Ghana are among the countries emerged as the 15 most miserable nation worldwide.
Talking about Cuba's ranking at ninth place, he said, “The 'disastrous economic policies' have left the country in shambles.”
The United States has been ranked at 134 among the least miserable countries. Other countries with the least misery levels include Kuwait (156), Ireland (155), Japan (154), Malaysia (153), Taiwan (152), Niger (151), Thailand (150), Togo (149), and Malta (148).
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on June 4, 2023 (Sunday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||375.5||380|
|Hong Kong Dollar||HKD||36.39||36.74|
|New Zealand Dollar||NZD||173.16||175.16|
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 230,800 on Sunday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 230,800||PKR 2125|
|Karachi||PKR 230,800||PKR 2125|
|Islamabad||PKR 230,800||PKR 2125|
|Peshawar||PKR 230,800||PKR 2125|
|Quetta||PKR 230,800||PKR 2125|
|Sialkot||PKR 230,800||PKR 2125|
|Attock||PKR 230,800||PKR 2125|
|Gujranwala||PKR 230,800||PKR 2125|
|Jehlum||PKR 230,800||PKR 2125|
|Multan||PKR 230,800||PKR 2125|
|Bahawalpur||PKR 230,800||PKR 2125|
|Gujrat||PKR 230,800||PKR 2125|
|Nawabshah||PKR 230,800||PKR 2125|
|Chakwal||PKR 230,800||PKR 2125|
|Hyderabad||PKR 230,800||PKR 2125|
|Nowshehra||PKR 230,800||PKR 2125|
|Sargodha||PKR 232,500||PKR 2125|
|Faisalabad||PKR 232,500||PKR 2125|
|Mirpur||PKR 232,500||PKR 2125|
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