Pakistan, Cheapest Country in the World

The website called World Statistics has declared Pakistan as the cheapest country in the world, the cost of living, utility items, accommodation including rent is low in Pakistan, while daily goods, food, purchasing power of local people make Pakistan the cheapest in the world.

According to the report, in March 2023, the world’s largest database also declared Pakistan as the cheapest country.

Pakistan has been consistently ranked as the cheapest country by various organizations and companies.

A website called World Statistics said that Pakistan is among the countries whose residents have better living facilities, according to global statistics, the inflation rate in 2022-23 is as follows.

Inflation is 398% in Venezuela, 252% in Syria, 139% in Lebanon, while inflation is 47.83% in Turkey, 36.5% in Egypt and 26.89% in Pakistan.

Despite several economic and political challenges, Pakistan has been able to achieve economic growth, the Government of Pakistan’s control of inflation to a manageable level is commendable.

According to World Statistics, Pakistan’s economic situation is showing signs of further improvement, with the $3 billion standby arrangement from the IMF being one of the effects.

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Pakistan has made substantial progress in various sectors with IT, foreign investment, positive trends in remittances, stock exchange, exports have been seen in the last 2 years, in which Pakistan’s GDP, increase in wheat production, CPEC project, Includes exports, shipments.