Car financing has decreased for the 25th consecutive month, dropping by 20.1 percent year-over-year to Rs. 228 billion by the end of July, down from Rs. 285 billion during the same period last year, according to data from the State Bank of Pakistan (SBP).

Despite some recent discounts on registration and charges offered by assemblers, the overall growth in the car sales sector remains limited, largely due to high vehicle costs.

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In contrast, personal loans via credit cards increased by 27.5 percent year-over-year, reaching Rs. 125 billion by the end of July 2024. Meanwhile, consumer financing for house building saw a decline of 3.9 percent, totaling Rs. 203 billion.

Overall consumer credit issued fell to Rs. 802 billion in July 2024, marking a 5.8 percent year-over-year decrease.