Automobile Archives - The Biz Update

Car Sales down 16 percent in July 2023

The Biz Update8 months ago8 months ago02 mins

Islamabad, August 11, 2023: Pakistan’s car sales shrink to 5,000 units during the first months of this fiscal year (FY24). In term of growth, it down 16 percent MoM and 57 percent YoY in July 2023, the Pakistan Automobile Manufacturers Association (PAMA) reported on Friday. Including Non-PAMA members car sales clocked in at 6,000, fell…

Business

Automobile industry remains in depression

The Biz Update5 years ago9 months ago03 mins

Karachi, August 27, 2019: The local automobile industry remains in depression as high interest rate, rising inflation, slow-down in economic activities and glitches on purchasing cars by non-filer affecting the vehicle’s demand in the country. According to a report prepared by Spectrum Securities, therefore, the profitability of auto sector went into recession and posted a…

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Automobile

Car Sales down 16 percent in July 2023

Automobile industry remains in depression