2021 - a historic year for new car models
For the first time, over 15 new cars will be launched in a year
In the past six months, auto financing soared from Rs211 billion to Rs262 billion, a jump of Rs51 billion. PHOTO: FILE
KARACHI:
Pakistan’s auto sector is on a path of handsome recovery as it will launch the largest number of new cars in a year in 2021.
“It is for the first time in the history of Pakistan that more than 15 new cars are being launched across the country in a single year,” said Arif Habib Limited analyst Arsalan Hanif in comments to The Express Tribune on Tuesday. “We expect the auto sector to outperform this year for a few reasons.”