Tag Archives: SBP reduces auto loan tenures to slow down demand

KARACHI: The further reduction of auto financing tenures by the State Bank of Pakistan (SBP) on Tuesday, a day after the policy rate was jacked up to 13.75 per cent, will hit the booming sales of cars and SUVs, auto stakeholders fear. An assembler said auto sales could fall by 20-25 per cent in FY23 after SBP’s curbs on auto …

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