Karachi in named one of the five least expensive cities to live in according to an annual cost of a living report produced by consultancy Mercer. Islamabad is ranked 19th on the world’s cheapest cities.The survey takes into account factors such as costs of housing, food, recreation, public transport, schools and other daily facilities to draw conclusions. Others in the 5 cheapest cities list include Banjul, Bishkek, Tunis, and Tashkent.
On the other hand, Hong Kong is listed as the world’s most expensive city to live in followed by Tokyo in second place, Singapore fourth, Seoul fifth, Shanghai seventh and Beijing in ninth place.
The finance hub tops an Asia-dominated list with Outside of Asia, European and African cities were among the priciest cities for employees. Zurich ranked third and Luanda came in sixth.—NNI