auto finance

It's been about 24 months since auto financing observed a consecutive downtrend. This episode commenced soon after the country's economy started grappling with depleting foreign reserves and rupee devaluation.…

Following a decline in car sales last month, here's a further update depicting the bleak state of the country's local auto industry. Just a few days ago, the PAMA sales report indicated an 8% decrease in car…

In a recent report, the state Bank of Pakistan (SBP) has revealed another decline in outstanding car finance for the 18th consecutive month, signaling a noteworthy shift in the country’s auto financing…

Pakistan's car market remains sluggish, as car financing continued its decline in August. According to data released by the State Bank of Pakistan (SBP) on Monday, there was a 21.1 percent year-on-year decrease…

Diminishing car sales and dwindling production combined with burgeoning interest rates have marred auto financing. As per the reports, car financing marked a new low for the 13th time in July, observing a…

Following car production and sales, the auto finance sector in the country is facing the same fate – dropped for the 8th consecutive month. As per the data unveiled by the State Bank of Pakistan (SBP), car…

In another effort to curb the car imports and auto loan practice, State Bank of Pakistan has announced new time frame for the automotive financing. According to a notification, here are the revised conditions:…

Auto financing in Pakistan has been on the rise for the past 18 months. Over the last year, car finance started at Rs. 262.5 billion in January 2021 and built up to Rs. 354 billion in December 2021.  For the…

After months of growth, the car finance segment is now slowing down. That’s because financing a car has become challenging for people. On one hand, cars are getting more and more expensive. On the other,…

The Pakistani automobile industry is having a great sales year so far. Not only more people are buying cars, but more people are also buying/leasing cars through banks. According to the data released by the…

Buying a car is a hectic task, and it becomes even more gruesome when one doesn’t have enough money to buy the desired car. However, the latter problem in the country is somewhat not the issue, as many local…