Auto industry requests SBP to bring down auto financing mark-up to single digit
One of the reasons why our economy and automotive industry was flourishing during Musharraf era was that people had money to spend, banks were giving people money to spend on anything they wished to purchase and return on installments but than the power transition from older to current government scared all the investors away from the country forcing us into a foriegn debt crisis and when banks decided not to give people money to spend, and that’s how our local economic crisis began. I am not an economist by any stretch but I do like to stay informed; the whole …
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