Pakistan auto financing rises 35.8% to $1.17 billion in January
Bank lending for vehicle purchases in Pakistan recorded strong annual and monthly growth in January, according to data released by the State Bank of Pakistan (SBP).Citing monthly data, the Associated Press of Pakistan (APP) reported that auto financing stood at PKR328 billion (approximately $1.17 billion) in January, marking a 35.8 percent increase compared to PKR242 billion (around $860 million) in the same month last year.On a month-on-month basis, car financing rose 2.8 per cent from PKR319 billion (about $1.14 billion) in December to PKR328 billion in January.The increase reflects a steady recovery in consumer financing for automobiles, signalling improved demand in Pakistan’s auto sector amid evolving economic conditions.WAM
Bank lending for vehicle purchases in Pakistan recorded strong annual and monthly growth in January, according to data released by the State Bank of Pakistan (SBP).Citing monthly data, the Associated Press of Pakistan (APP) reported that auto financing stood at PKR328 billion (approximately $1.17 billion) in January, marking a 35.8 percent increase compared to PKR242 billion (around $860 million) in the same month last year.On a month-on-month basis, car financing rose 2.8 per cent from PKR319 billion (about $1.14 billion) in December to PKR328 billion in January.The increase reflects a steady recovery in consumer financing for automobiles, signalling improved demand in Pakistan’s auto sector amid evolving economic conditions.WAM
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