Car Finance

A few years back, the automotive industry faced a double blow with declining sales and financing options. Meanwhile, car sales revived but auto loan doesn’t follow the pattern. It’s been more than two years;…

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…

Pakistan's automobile financing sector has witnessed a significant downturn, with a staggering 25.82% year-on-year drop to Rs. 246.26 billion in January 2024, compared to Rs. 331.98 billion in January 2023.…

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…

In the face of a sharply deteriorating economy, Pakistan's auto financing sector has been on a continuous downward spiral for the past 15 months. According to data from the State Bank of Pakistan (SBP), there…

In today's economy, where inflation and soaring prices have become a daily concern, the demand for new cars has taken a hit. Particularly, cars with a price tag above Rs. 3 million are finding it challenging to…

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…

Where the Skyrocketing inflation has affected the consumers’ purchasing power, the recent restrictions by the State Bank of Pakistan (SBP) have added fuel to the fire – shattered car finance. Reports have…

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 new auto policy is coming next month, and we are hearing all kinds of rumours. Every auto industry analyst is making their guesses on what will and won’t happen in the new policy. Here’s another one. The…

Great news for overseas Pakistanis, Prime Minister Imran Khan has announced two new schemes; Roshan Apni Car and Roshan Samaji Khidmat. With the first one, non-resident Pakistanis (NRPs) can buy cars for their…

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 one of the top items on everyone’s to-do list. Checking it off the list is a big deal, and not everyone has enough savings to take a car home. For people who can’t afford to buy a car with cash,…