Car sales jump 40% on lower interest rates

KARACHI:

Pakistan's car sales clocked in at 15,531 units in March 2026, up 40% year-on-year, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). However, sales declined 9% month-on-month.

According to a Topline Securities report, the decline was largely driven by a 23% month-on-month drop in Pak Suzuki Motor Company (PSMC) sales. Excluding PSMC, car sales posted a 4% month-on-month increase. The strong year-on-year growth was supported by new market entrants, lower interest rates, easing inflation and improving macroeconomic sentiment.