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Car financing in Pakistan saw an increase of Rs. 8 billion, reaching Rs. 236 billion by the end of October, up from Rs. 228 billion in the previous month, according to data from the State Bank of Pakistan (SBP). However, this figure represents a decrease of Rs. 28 billion, or 10.7%, compared to Rs. 264 billion in October 2023.

Despite some improvement in consumer inflation this fiscal year, the overall growth in the auto financing sector remains sluggish, with high car prices continuing to pose a significant barrier to sales.

In contrast, personal loans on credit cards experienced a substantial year-on-year increase of 27%, reaching Rs. 134 billion by October 2024.

Meanwhile, consumer financing for house building declined by 2.6%, totaling Rs. 201 billion during the same period.

Overall, credit issued to end-users, or consumer financing, improved to Rs. 861 billion in October 2024, marking a 3.8% year-on-year decrease.

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