SBP puts brakes on financing for imported vehicles

• Maximum tenure of auto financing cut from seven to five years • Minimum down payment for car financing raised from 15pc to 30pc • Central bank maintains step will help moderate demand growth in economy KARACHI: Ballooning trade and current account deficits have forced the State Bank of Pakistan (SBP) to slow down import growth with changes in prudential regulations and reduce the financing … Continue reading SBP puts brakes on financing for imported vehicles