Auto financing registered an increase of 3 percent on a monthly (MoM) and 29.40 percent on a yearly (YoY) basis during the month of August 2025, reported 24NewsHD TV channel on Tuesday.
According to a report released by the State Bank of Pakistan (SBP), auto financing reached Rs294 billion during the month of August 2025.
The SBP stated that during the month of August 2024, the car financing was touched to Rs227 billion. Experts said that there was a decrease in inflation and a 11 percent cut in interest rates over one year.
The interest rate was decreased from 22 percent to 11 percent over the course of one year. Due to a cut in interest, an increase was registered in auto financing, the experts concluded.
Reporter: Ashraf Khan