Saturday, August 21, 2010

Pakistan, Lahore - Cost of Living

The economy of Pakistan is a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries. The structure of the Pakistani economy has changed from a mainly agricultural base to a strong service base. Agriculture now only accounts for roughly 20% of the GDP, while the service sector accounts for 53% of the GDP.

Lahore is the capital of the Pakistani province of Punjab and the second largest city in Pakistan. Lahore has shifted in recent decades from manufacturing to service industries. Some 42% of its work force is employed in finance, banking, real estate, community, cultural, and social services. The city is the country?s largest software producing center, and hosts a growing computer-assembly industry.

Lahore has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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