{
  "id": 8367974,
  "title": "Auto loans rise for 21st month",
  "url": "https://urgent.news/2026/09/18/auto-loans-rise-for-21st-month",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T23:08:13.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2030990/auto-loans-rise-for-21st-month"
  },
  "original_language": "en",
  "account": "Despite a decline in auto sales, the outstanding car loans in Pakistan have risen for the 21st consecutive month to Rs393.3 billion in August, according to data released by the State Bank of Pakistan (SBP). August witnessed 15,558 units of cars, light commercial vehicles, pick-ups, and vans, marking an 11% year-on-year increase, but a 21% month-on-month decline in sales, bringing the total cumulative sales to 35,376 units in the first two months of FY27, a 41% year-on-year surge. The confusion surrounding the new auto policy, which has led to a month-on-month sales fall, is believed to be contributing to the decline, along with an uncertain regional atmosphere affecting the supply chain. The Pakistan Automotive Manufacturers Association (PAMA) has urged the government to announce the next auto policy to address fiscal uncertainty, protect manufacturing capital, and restore consumer confidence before the monthly declines turn into a permanent recession. IMC's annual report for FY26 revealed that Pakistan's auto financing limits and repayment tenors remain relatively conservative compared to regional markets, limiting vehicle affordability for many potential buyers. IMC suggested a review of the existing financing framework, potentially increasing the maximum financing limit from Rs3 million to Rs10 million and extending the maximum financing period from three to six years, to improve consumer affordability, broaden access to vehicle financing, and support sustainable growth in domestic demand.",
  "summary": "KARACHI: Despite a month-on-month decline in auto sales, outstanding car loans rose for the 21st consecutive month to Rs393.3 billion in August, up from Rs386.3bn in July, according to data released by the State Bank of Pakistan (SBP). Sales of cars, light commercial vehicles, pick-ups and vans clocked in at 15,558 units in August, up by 11pc year-on-year (YoY) but declined 21pc month-on-month,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}