KARACHI: Amid falling lending costs, auto financing increased by 2 per cent month-on-month and 12pc year-on-year to Rs263 billion in April.

This was the fifth straight monthly rise. However, auto financing remains 28pc below its peak of Rs368bn in June 2022, observed Topline Securities Chief Executive Mohammed Sohail.

The benchmark interest rate stands at 11pc after staying at an unprecedented level of 22pc for over a year until June........

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