Auto loans plunge for twenty-first consecutive month in March

Auto loans in Pakistan plunged by 24.4% year-on-year to Rs239 billion in March, continuing a downward trend for the twenty-first consecutive month due to tightening consumer financing, according to data released by the State Bank of Pakistan  (SBP). 

On a month-on-month basis, March saw a 1.4% decline in auto loans from Rs243 billion in February. 

Auto borrowing peaked at Rs368 billion in…