Tag: Auto Loans
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Car financing in Pakistan drops 20% in July amid rising prices and interest rates
Car financing in Pakistan witnessed a significant decline in July 2024, as soaring vehicle prices and elevated interest rates continued to dampen consumer demand.
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SBP data reveals 23.5% YoY decline in auto loans
In October, auto loans faced a decline for the 16th consecutive month due to high interest rates and inflation, as per data released by the State Bank of Pakistan (SBP).