Low Base And Incentives Will Ensure Better Year For Car Sales

Pakistan's auto sector is already benefitting from measures included in the latest budget to boost car sales, which means an upward revision of BMI's forecast for passenger car sales is likely. In the first half of FY12 (July to December 2011), passenger car sales rose 20.5% year-on-year (y-o-y) to 71,886 units. While a reasonably low base from the previous year has provided a favourable growth scenario, a taxi scheme by the Punjab government and financial incentives from the federal government are also paying

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