current rate is market is almsot 15 % and 4 % on insurance , Buyer are paying 20 % , which is very less rate of interest in Pakistan point of view , Why
Fiance u Car for Rs. 7 Lakhs ,U have to pay almost 12 Lakhs in 7 year in installments
But other busineess like property and invetment is gold giving u double or triple of it
I think u all know the property rate is incrase almost 5 times in last 5 year
The property whose value was 10 Lakh before 9/11 now its value is almost double or triple in many case it is more than 5 or 6 times
Same case in Gold
www.kitco.com u can find the graph of gold raise in last 5 year
thats why state bank wants to stopped auto fianance