State Bank Reduces Auto Financing Loan Tenure
State Bank of Pakistan (SBP) has reduced the consumer financing tenure for vehicles as the country battles a bulging import bill.
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Car Financing Beginning to Slow Down
After hitting a record high, car financing in Pakistan is beginning to slow down due to rising car prices, contracting purchasing power of consumers and discouraging auto finance policies introduced by the State Bank to mitigate the swelling trade deficit.
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Car Sales to Slow Down Due to Auto Financing Restrictions
Sales of new cars in Pakistan are expected to witness another speed bump as State Bank of Pakistan (SBP) has recently made changes in prudential regulations and reduced the auto financing limit and period, on the back of inflated trade and current account deficits.
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SBP Puts Restrictions on Financing of Imported Vehicles
State Bank of Pakistan (SBP) has made changes in prudential regulations and reduced the financing limit and period, particularly for imported vehicles on the back of inflated trade and current account deficits
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