Urgent.News

600+ sources. One page. See who else covered it.

Editions

Tech

Pakistan car sales jump 141% in July 2026

Car sales in Pakistan surged 141% in the first month of the current fiscal year FY27 compared with the same month last year, with experts attributing the increase to eased bank leasing policies and lower interest rates . Car sales stood at 17,216 units in July 2026, against 7,135 units recorded in July 2025. Meanwhile, sales of jeeps and pickups fell 33% to 2,602 units, while truck and bus sales…

Pakistan car sales jump 141% in July 2026

In July 2026, car sales in Pakistan skyrocketed by 141% compared to the same month in the previous year, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). The number of units sold rose from 7,135 in July 2025 to 17,216 in July 2026. Experts attribute the surge to eased bank leasing policies and lower interest rates, making auto financing more appealing to consumers.

Jeep and pickup sales, however, fell by 33% to 2,602 units, while truck and bus sales increased by 169% to 854 units and 14% to 65 units, respectively. Two- and three-wheelers, including motorbikes and rickshaws, saw a 40.7% jump to 177,089 units. Tractor sales, which had declined for several months, rose 4% to 1,242 units. Analyst Mashood Khan expressed optimism about the auto sector's growth, citing the supportive banking environment and lower interest rates.

The Punjab government's tractor scheme also played a role in boosting tractor sales, he added. However, sales of jeeps were down partly due to the market saturation of SUV models. The industry's challenges, including the impact of Completely Built Unit (CBU) imports and delays in sales tax reduction notifications, were discussed at a recent government committee meeting.

Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at brecorder.com →

More in Tech

More from Tuesday 11 August →