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Explainer: What does State Bank's new car financing restrictions mean?

Explainer: What does State Bank's new car financing restrictions mean?
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SAMAA - Car sales at 11-year low in Pakistan

Car sales at 11-year low in Pakistan
Plunge 34% compared to the previous year
SAMAA |
Bilal Hussain - Posted: Jan 12, 2021 | Last Updated: 3 months ago
SAMAA |
Bilal Hussain
Posted: Jan 12, 2021 | Last Updated: 3 months ago
Photo: AFP
Pakistan’s
auto industry struggled to maintain its sales during the Covid-19 pandemic as
the number of cars sold in the country dropped to an 11-year low.
The industry sold 124,000 cars during the year 2020,
according to data shared by the Pakistan Automotive Manufacturers Association.
It was 34% lower than the previous year.
The last time the industry sold cars below this level was in
2009. The number of cars sold during the year was recorded at 107,800 during ....

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