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Auto Financing Reaches Record High Despite Interest Rate Hike
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Auto Financing Reaches Record High Despite Interest Rate Hike

KARACHI/BRUSSELS, (Unib Rashid) – Pakistan’s auto financing portfolio has reached a record level despite a 100-basis-point increase in the policy rate to 11.5 percent, reflecting sustained consumer demand for vehicle purchases. According to data released by the State Bank of Pakistan (SBP), outstanding automobile loans climbed to Rs369.12 billion by the end of May, surpassing...

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