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Business

Web Desk
Oct 19, 2024

Car financing rises for the first time in over two years

Auto financing rose slightly to Rs227.54 billion in September 2024, marking a 0.11 per cent increase compared to Rs227.3 billion in August.

Business

Web Desk
Sep 19, 2024

Car loans drop over 18 per cent YoY amid rising borrowing costs

Auto financing in Pakistan has dropped for the 26th month in a row, reaching Rs227.3 billion in August 2024.

Business

Web Desk
Aug 20, 2024

Car financing drops 20.06 per cent in one year due to high prices

Car financing in Pakistan has experienced a notable decline, falling to Rs228 billion in July 2024.

Business

Web Desk
Jul 18, 2024

Car financing hits 24-month low amid high interest rates

The automotive sector in Pakistan is facing a persistent downturn in financing, exacerbated by a combination of factors including increased car prices, higher interest rates, regulatory constraints on loan acquisition, and elevated taxes on imported cars and parts.

Business

Web Desk
Oct 16, 2023

Toyota Indus Motor Company announces temporary production suspension

In a recent development, Indus Motor Company (IMC), the leading assembler of Toyota vehicles in Pakistan, has declared the temporary suspension of production, attributing the decision to inventory shortages.