Pakistan becomes Asia's most expensive country to live in

Pakistan is now considered the most expensive country to live in Asia. This change is largely due to a high inflation rate of 25 percent for the fiscal year 2025. According to a report from the Asian Development Bank (ADB), Pakistan is facing a serious economic crisis. This inflation rate has made living costs higher than in any other Asian nation. The report predicts that inflation will remain around 15 percent in the next fiscal year. The country’s economic growth is also concerning. Pakistan is expected to have one of the lowest growth rates in Asia at only 1.9 percent for FY25. Many people in Pakistan are suffering, with approximately 98 million living below the poverty line. The ADB highlights ongoing challenges, such as external debt and political instability. There are fears that these issues could worsen the economy and reform efforts. More support from the International Monetary Fund (IMF) could improve market conditions and attract funding. In summary, Pakistan continues to struggle with high living costs and economic difficulties, deeply affecting its population.