Pakistan outstanding auto loans reach about Rs407 billion
In one minute
State Bank-based reporting shows the stock of car financing rose in September even as new vehicle sales fell.
This post is general information, not professional financial advice. Please consult a qualified professional before making decisions.
Key takeaways
State Bank-based reporting shows the stock of car financing rose in September even as new vehicle sales fell.
What happened
Dawn reports outstanding auto loans of roughly Rs407 billion in September, up from about Rs393.3 billion in August. Separate reporting citing State Bank data puts the September balance at Rs407.12 billion. This is the amount of loans outstanding, not Rs407 billion of new loans issued in September. Dawn reported a year-on-year fall in September vehicle sales.
Why it matters
The divergence between loan balances and sales is relevant to banks, car buyers and analysts, but the figures alone do not establish why borrowing increased.
What to watch
Watch future State Bank credit data, financing costs and vehicle-sales figures for a clearer trend.
Sources
Sources
- https://www.dawn.com/news/2037908/auto-loans-rise-despite-sales-slump
- https://thepakistanconnect.com/car-financing-in-pakistan-17-octo/
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#pakistan-business#auto-loans#consumer-credit#state-bank#car-sales#september-data
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