Companies / Pakistan
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Pakistan Puts Brakes On Growth
August 2006 | Industry ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Despite revising our car sales forecast for FY2004-2005, the market still outperformed this projection with growth of 32%. This does, however, represent a slowdown from the rapid expansion of the previous financial period. BMI expected a moderation in growth in the second half - a trend that has been observed in previous years, partly due to the seasonal fluctuations in the economy and the onset of monsoon. BMI believes growth in sales of domestically produced cars will continue to drop off as the Pakistani car market opens up to imports, which are comparatively cheaper, although the effects are not likely