Auto Financing Drops for 18th Consecutive Month
The amount of outstanding vehicle loans fell for the 18th consecutive month to Rs 251 billion at the end of …
Auto Financing Drops for 18th Consecutive Month Read MoreTag: SBP
Auto Financing Falls for 8th Consecutive Month
Auto financing in Pakistan continued to decline for the 8th consecutive month in February 2023 dipping nearly 9% to Rs 326 billion from Rs 357bn in the same month of the previous year, according to the data released by the State Bank of Pakistan (SBP).
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Govt Continues to Import Luxury Vehicles Despite Economic Crisis
In the midst of a severe economic crisis and rapidly depleting foreign reserves, the govt of Pakistan continues to spend a hefty amount on the import of luxury vehicles. The move has seen serious criticism coming from journalists and economic analysts alike.
Govt Continues to Import Luxury Vehicles Despite Economic Crisis Read More
Custom Duty for the Import of CKD Kits for Small Cars Reduced
The government has reduced the custom duty for the import of CKD (Completely Knocked Down) kits for the assembly of small cars with 1,000cc or below displacement engines. The move is expected to have a positive effect in form of reduced prices of such vehicles that are assembled locally.
Custom Duty for the Import of CKD Kits for Small Cars Reduced Read More
SBP Decides to Withdraw Restrictions on CKD Imports
State Bank of Pakistan (SBP) has decided to withdraw restrictions on imports effective from January 2, 2022. The central bank informed this via a circular addressed to presidents and chief executives of authorized dealers in the country.
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Govt Imports Luxury Cars Worth Millions in November
It has been revealed by senior Economist Ali Khizer, that the government has spent millions in the month of November to import luxury cars and high-end electric vehicles into the country.
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Car Financing Drops for Fourth Consecutive Month
Car financing continue to show downward trend in Pakistan as it has recorded a decline for the fourth consecutive month in this fiscal year. According to the data released by the State Bank of Pakistan (SBP), auto financing figure in October stood 1.4% lower than its September 2022 level.
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Auto Financing Dropped to Lowest Since January
Due to constantly increasing vehicle prices and high interest rates, auto financing has dropped to the lowest level since January 2022. Compared to July, it again dropped by 2.2% in August.
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Payment Restrictions Hit Auto Sector’s Production
Auto parts makers and vendors have started facing production challenges due to the restrictions imposed by the State Bank of Pakistan (SBP). The industry says it has been encountering a production crisis following the curbs put in place through Circular #09 of 2022.
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PAMA Concerned About New Import Mechanism Introduced by SBP
Local auto assemblers have expressed serious concerns over a new mechanism introduced by the State Bank of Pakistan (SBP) for import of goods and termed it a huge risk for the auto industry
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