KARACHI: The auto financing slightly rose to Rs235.454 billion in December 2024 from Rs234.6bn in the preceding month.

Auto financing turned negative in November 2024 from Rs236bn in October, Rs227.541bn in September 2024 and Rs227.296bn in August 2024, data released by the State Bank of Pakistan (SBP) showed. In June 2022, it was at its peak of Rs368bn.

The State Bank reduced its policy rate on June 10 to 20pc from 22pc, followed by a further reduction to 19.5pc on July 29, 17.5pc on Sept 12, 15pc on November 4 and 13pc on Dec 16, reflecting a cumulative 900bps decline in six months.

Auto part maker/exporter........

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