With the help of the Special Investment Facilitation Council and rising investment trends, Pakistan’s auto industry is expanding remarkably.
Sales of passenger cars have increased by 46.7%, while sales of trucks and buses have grown by an astounding 82%. Likewise, sales of motorbikes and rickshaws have increased by 23.4%, while sales of jeeps and pickups have increased by 60%.
Demand has increased even more with the launch of environmentally friendly electric cars, indicating a positive trend toward sustainable mobility options.
A considerable rise in market confidence and better vehicle financing alternatives are two major factors contributing to this growth. Interest-free financing programs and the state bank of Pakistan’s steady interest rate reductions have greatly increased investor and consumer confidence.
