According to State Bank of Pakistan (SBP) data, the total drop in the last 19 months comes to Rs122bn.
The lack of any panic buying was attributed to consumers having already purchased vehicles in January as a result of a change of model year.
Stresses local businesses rapidly losing market share to regional peers due to high cost of production.
Govt’s monitoring mechanisms remain ineffective.
Market players say govt has not issued notification yet.
PM pledges full support to steel industry growth.
Aptma warns half of firms in textile, apparel sectors at high risk of closure.
The combined sales of cars, jeeps, vans and pickups surged to 10,536 in January from 5,816 in December 2023.
Regrets how burning issues like privatisation, tax reform ignored in most parties’ manifestos.
Dealers say consumers usually avoid Iranian onion as it cannot compete with the quality of locally produced onion in making various dishes.
Tyres coming through illicit channels costing exchequer over Rs70bn, makers say.
Plants have been operational since November 2023, after a year of frequent shutdowns.
Exports almost double to 4.1m tonnes in 7MFY24.
No party is focusing on the economy’s core issues in the short run or how to overcome the challenges of huge external debt payments in the long run.
ABAD chairman’s son, ex-KATI chief contesting as independents; traders’ rep hitches wagon with TLP; electronics market leader chooses PPP platform.
Analyst says that expensive cars, high markup rates and changes in State Bank’s regulations are majorly responsible for lower car sales.
The only beneficiaries are exporters, consumers pay higher prices for imported onion amid a lack of quality and taste compared to Pakistani onion.
Manufacturers face challenges; PTI’s absence cuts production by 35pc; PPP leads in placing orders.
PEVA chief says exporters had been getting huge orders after the Indian ban, which caused a steep rise in local prices.
Analyst attributed the decline in auto sales to weak demand and high prices.