Global Liveability Index: The economic condition of Pakistan is also slowly getting worse. Meanwhile, Pakistan has suffered another setback. The poor city of Karachi in Pakistan is not worth living. The Global Liveability Index report states that Karachi is among the worst places in the world to live. According to the recently released Global Liveability Index by the Economist Intelligence Unit, Karachi has again made it to the list of the worst cities to live in the world in 2022.
The list of Global Liveability Index analyzes 172 cities in the world. In this, many other factors including infrastructure, health and education have been made the basis.
Pakistan towards economic collapse!
With dwindling foreign exchange reserves and rising inflation, Pakistan is on the verge of economic collapse and is headed for the same economic collapse as Sri Lanka. News International reported that the report analyzed and identified 172 cities based on five factors, which are infrastructure, health care, education, culture and entertainment. Inflation in Pakistan hit double digits in July, the biggest increase in nearly six years.
conditions of poverty and hunger
The current economic index of Pakistan is very bad. According to the UNDP, Pakistan is facing a debt of more than US$250 billion and Karachi city being the economic capital is also going through a period of severe instability. Millions of people have fallen victim to poverty and even starvation. Along with this, the danger of increasing social unrest is increasing day by day.
What is the reason for the economic crisis in Pakistan?
According to the Foreign Exchange Association of Pakistan, since the beginning of 2022, the Pakistani rupee has lost more than 30 per cent of its value. Rapid depletion of foreign exchange reserves is the reason for Pakistan’s double deficit inflation, lack of foreign exchange inflows and rapid increase in foreign debt service obligations. Apart from this, theft, smuggling, drug trafficking and violence have further worsened the social and economic situation.
Which is the most livable city?
The most livable cities in the world are mostly in Europe and Canada due to good infrastructure and stability, especially in the Global Liveability Index. Vienna, the capital of Austria, has topped the list of top 10 places to live in the world. Vienna had topped the list in 2018 and 2019 as well.
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