SINGAPORE: A universal survey naming Tokyo and Osaka as the world's nearly everyone exclusive cities for expatriates, largely due to the strength of the yen against the U.S. dollar.The survey rated Karachi as the fourth between the cheapest cities of world, as it stands on 140th position in the list of priciest 143 cities.The 2009 Cost of Living survey, by consultancy firm Mercer, covered 143 cities across the world, measuring the relative cost of over 200 items, as well as housing, transport, food, clothing, activity and household goods.Tokyo, last year's second nearly everyone luxurious city, climbed to the top spot, knocking Moscow down to number 3. Geneva and Hong Kong ranked 4th and 5th, with Asian and European cities dominate the top 10 slots.The survey, conduct in March, uses New York as the base city for the directory, with currency moves measured against the dollar. New York itself jumped to 8th from 22nd last year."As a direct impact of the economic slump over the last year, we have observed significant fluctuations in the majority of the world's currencies, which have had a profound impact on this year's rankings," Nathalie Constantin-Metral, a senior canvasser at Mercer, said in a declaration on the firm's website."Now that cost containment and reduction is at the top of most company agendas, keeping track of the change in factors that dictate expatriate cost of living is essential," she added.Tel Aviv ranked as the most expensive conurbation in the Middle East, while Caracas was top in South America, and Sydney was the priciest city for expatriates in the Pacific.And the cheapest city? ... Johannesburg, which replace Asuncion in Paraguay.Following are the top-10 most expensive cities, according to the Mercer survey. Last year's rankings in brackets:1. Tokyo (2)2. Osaka (11)3. Moscow (1)4. Geneva (8)5. Hong Kong (6)6. Zurich (9)7. Copenhagen (7)8. New York City (22)9. Beijing (20)10.Singapore (13)
0 comments on "Karachi fourth in world cheapest cities"
Subscribe in a Reader
Post a Comment