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Auto financing continue to rise despite increase in interest rates and regulatory tightening: SBP

During February 2022, auto financing increased by 30.9 percent on year on year basis

admin-augaf by admin-augaf
March 18, 2022
in Business, Finance
Reading Time: 1 min read
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SBP issued standards for Quick Response code to accelerate digitization of retail payments

SBP issued standards for Quick Response code to accelerate digitization of retail payments

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Karachi March 18 2022: Car financing in Pakistan soared to PKR 357 billion as of February 2022, as the latest data released by the State Bank of Pakistan.

During the month of February 2022, car loans witnessed an increase of 30.9 percent year-on-year basis, mainly due to launch of new models by auto assemblers.

On month on month basis, car loans also increased by 1.3 percent.

Tags: AutoSBP
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