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Auto Sales in Pakistan Will Struggle During FY 2018/19 and FY 2019/20: Fitch Solutions

From the Blog propakistani Fitch Solutions believes that Pakistan's automotive sector will start to struggle in (FY) 2018/19 and FY2019/20. The research report stated that risks relating to over-reliance of Pakistan's automotive sector on Chinese investment have come to fruition. The government's latest decision to remove vehicle purchasing restrictions on non-income tax-filers will provide some support and stem some of the pressures coming from the slowdown in investment inflows. The Pakistani government has issued an amended Finance Supplementary Bill in January, which allowed for removal of vehicle purchasing restrictions on non-income tax-filers. Therefore Fitch Solutions has revised down its forecast for new vehicle sales in FY2018/19 and FY2019/20 to a 2.4% contraction and 1.3% growth respectivelpakistanblogs.blogspot.comRead Full PostComments

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