Wednesday, December 14, 2011

Ten Cheapest Cities

Ten Cheapest Cities (New York = 100)
  • Karachi, Pakistan (46)
  • Tunis, Tunisia (51)
  • Mumbai, India (53)
  • Tehran, Iran (55)
  • New Delhi, India (56)
  • Jeddah, Saudi Arabia (59)
  • Algiers, Algeria (60)
  • Panama City, Panama (60)
  • Manila, Philippines (62)
  • Dhaka, Bangladesh (62)
"Karachi in Pakistan is the cheapest location surveyed, with a cost of living level at less than one-half of that of New York and one-third of that of Tokyo," the survey says. Way to go Pakistan. Personally I think Pakistan is a far better country with respect to Tourism, and Investment compared to 99 other countries only if there is observance of good governance.

Weak currency and low levels of economic development are partly to blame. In some cases price controls and state subsidies also contribute to the generally lower costs found in South Asia, the Middle East and North Africa, according to the analysis.

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