Auto financing increases on low rates – Business

KARACHI: Auto finan­cing increased for the second consecutive month by 3.7 per cent month-on-month to Rs236 billion in October compared to Rs227.541bn in September and Rs227.296bn in August thanks to falling interest rates.

However, the outstanding loans plunged by 10.7pc year-on-year, accor­ding to data released by the State Bank of Pakistan (SBP).

In September, auto fin­ancing was revived after 27 months. In June 2022, it peaked at…