According to official data, auto financing has climbed to a 33-month high, reaching Rs318 billion.
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Web Desk
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KARACHI: Auto financing in Pakistan has recorded a strong rebound following a reduction in interest rates, signaling a clear improvement in consumer demand.
According to official data, auto financing has climbed to a 33-month high, reaching Rs318 billion. On a year-on-year basis, auto financing increased by 36 percent, while a month-on-month growth of 1 percent was also recorded.
Despite the notable recovery, auto financing levels remain around 14 percent below the all-time high of Rs368 billion recorded in June 2022.
It is worth noting that in November 2024, auto financing had declined sharply to Rs235 billion, marking one of the lowest levels in recent years.
Experts attribute the recent surge to lower interest rates, relatively relaxed financing terms offered by banks, and a gradual restoration of consumer confidence.
The upward trend is being viewed as a positive sign for Pakistan’s automobile industry, with further improvement expected in the coming months.
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