Auto loans turn negative after two-month spike
KARACHI: After two months of improvement, auto financing dipped to Rs234.6bn in November from Rs236bn in October, according to the State Bank of Pakistan (SBP) data released on Tuesday.
Auto financing increased for the second consecutive month by 3.7pc month-on-month to Rs236bn in October compared to Rs227.541bn in September and Rs227.296bn in August due to promotional offers by banks and assemblers followed by lower financing costs as a result of falling interest rates.
The...
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