We will briefly discuss the Cost of living in Pakistan and what is the best city to live in. In the distant past, many people would have been startled if you described the Middle Eastern nation using terms like smart, erudite, and cultural.
On the other hand, modern-day Pakistan is in the process of evolving into a relatively Westernized state and exceptionally wealthy.
When traveling to Pakistan, one of the most crucial things to consider is the Cost of Living in Pakistan. This is because enjoying a lavish lifestyle typically comes with a great price tag.
This guide will walk you through everything you need to know about how your finances will look after you take the plunge, regardless of whether you’re retiring, temporarily relocating, or moving to Pakistan for good.
Whether you’re retiring, temporarily relocating, or moving to Pakistan for good, this guide will walk you through everything you need to know.
How does the cost of living in Pakistan compare to that in other countries?
When moving your money, the exchange rate is one of the most significant factors. This is true even though Pakistan is, on average, more affordable than most nations in Europe and North America.
Your bank may perform this conversion for you, and plenty of exchange services are available. Still, it’s standard for companies to add a markup to the exchange rate to generate a profit from their operations.
As a result, before making any currency exchanges, you should consult an online currency converter to determine how much money you should be receiving.
You may use Wise to verify that you are obtaining the same fair rate you get on Google while also reducing the amount of money transfer fees you have to pay if you want to be extra cautious.
After you’ve completed the currency conversion, you’ll see that your bank account is now stocked with Pakistani rupees. PKR is a common abbreviation for the Pakistani rupee, and the symbol Rs is used to indicate the value of money in Pakistan.
To give you a better sense of the approximate value of rupees and Cost of Living in Pakistan compared to the values of a few major currencies at the time of writing, the following is what one hundred rupees is equivalent to in the following currencies:
- $1000 = ₨ 100,000
- £1000 = ₨ 135,000
- €1000 = ₨ 120,000
- A$1000 = ₨ 80,000
Which big cities have the highest overall cost of living?
In Pakistan, the Cost of Living in Pakistan can vary relatively a little from one region to another. However, most expatriates opt to live in the country’s larger cities because of their higher standard of living. The following are Pakistan’s five cities that are among the most costly to live in:
- Islamabad
- Abbottabad
- Turbat
- Faisalabad
- Jhang
What kind of salary do people make on average in Pakistan?
Because you are now familiar with the prices in Pakistan, it is highly recommended that you investigate the potential earnings at your current position. Even if the cost of living is relatively cheap, you could discover that you are making less money than you would if you were working the same job back home.
It might come as a surprise, but it’s not unusual for people who go abroad to earn a lot less money than they did before while maintaining the same level of comfort.
if you like to invest in real estate in Pakistan then you should read about CDA Provide Opportunities for Real Estate Investment in Islamabad.
Salary Averages for Islamabad Average Salary
Cashier ₨ 328,586
Copywriter ₨ 1,336,957
Financial Analyst ₨ 1,870,002
Graphic Designer ₨ 1,349,994
Web Developer ₨ 1,929,390
Product Manager ₨ 1,174,265
Receptionist ₨ 504,587
Software Engineer ₨ 1,968,496
Teacher ₨ 1,184,866
Salary Averages for Karachi Average Salary
Cashier ₨ 306,484
Copywriter ₨ 1,247,047
Financial Analyst ₨ 1,744,217
Graphic Designer ₨ 1,349,994
Web Developer ₨ 1,799,610
Product Manager ₨ 1,095,278
Receptionist ₨ 470,645
Software Engineer ₨ 1,836,086
Teacher ₨ 1,224,059
Web Developer ₨ 1,799,610
What kind of prices should one expect to pay for housing and lodging in Pakistan?
Rent is likely one of the highest costs you incur when living in any nation, and Pakistan is no exception. It is essential to understand the costs of renting an apartment, outlined in the following tables, even though rent in Islamabad and Karachi are inexpensive compared to London or San Francisco.
Renting in Islamabad Average Monthly Cost
1 bedroom ₨ 25,000.00
3 bedroom ₨ 59,642.86
internet ₨ 3,186.67
Renting in Karachi Average Monthly Cost
1 bedroom ₨ 22,882.35
3 bedroom ₨ 48,333.33
internet ₨ 2,717.50
Renting in Lahore Average Monthly Cost
1 bedroom ₨ 15,562.50
3 bedroom ₨ 37,941.18
internet ₨ 3,500.00
What can you tell me about Pakistan’s healthcare and dental treatment costs?
Because Pakistan’s healthcare system is entirely private, every citizen is responsible for purchasing their health insurance and meeting all other medical expenses from their funds.
Sometimes these costs are covered by your company, but depending on your job or the sector you work in, you may still be responsible for paying for your medical care.
How much does it cost to go throughout Pakistan and take different modes of transportation?
Using public transportation to travel around Pakistan, especially in larger cities, is an everyday occurrence. Most people choose to drive since it is the fastest mode of transportation, even though it has a significantly greater cost.
The Takeaway
In general, the Cost of Living in Pakistan may be relatively low while maintaining an extremely high standard of living. Prices in Pakistan are generally relatively reasonable, but if you seek well-known brands from your own country or luxury products, you should be prepared to pay a significant markup.
Aside from that, living expenses in Pakistan, such as those for food, transportation, and rent, are all affordable, and you will most likely have a good time there. A lot of times our foreign brothers ask How Foreigners Can Invest In Pakistan Property. We have a detailed article on the topic.
Reviewed By Mr.Rizwan Sajjad
