SBP Pakistan New Cars Lease Policy will now be available on loan terms from the bank

The maximum duration of auto financing is reduced from seven to five years. The minimum payment for car financing has been increased from 15% to 30%. The central bank maintains that it will help moderate demand in the economy. KARACHI:…

SBP Pakistan New Cars Lease Policy will now be available on loan terms from the bank

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The maximum duration of auto financing is reduced from seven to five years.
The minimum payment for car financing has been increased from 15% to 30%.
The central bank maintains that it will help moderate demand in the economy.

KARACHI: The ballooning trade and current account deficit has forced the State Bank of Pakistan (SBP) to slow down the pace of imports with changes in the precautionary rules and regulations and the limit and duration of financing, especially for imported vehicles. Reduce to

The central bank on Thursday issued a notice to consumers

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