Auto loans jump for 15th month

KARACHI: Consumers remained upbeat towards new and old models, thus further propelling outstanding auto loans for the 15th consecutive month to Rs336 billion by the end of February from Rs328bn in January, data released by the State Bank of Pakistan (SPB) showed.

Auto loans grew despite fewer working days in February, while consumer spending continued to rise after December due to the model-year change.

As per data from the Pakistan Bureau of Statistics (PBS), car assemblers imported semi- and completely knocked-down kits worth $1.3 billion in July-February FY26, up 126pc from $575 million in the same period last fiscal, suggesting a positive sales outlook in the coming months.

However, an uncertain situation has surfaced since February 28 over geopolitical conditions after the war in the Middle East between Iran, the USA, and Israel. Assemblers fear supply chain issues with imported parts and accessories, as well as price increases due to freight and war risk charges imposed by shipping lines.

Geopolitical tensions raise supply chain concerns

Geopolitical tensions raise supply chain concerns

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© Dawn Business