Govt Introduces 7-Year Car Installment Scheme With Loans Up To Rs. 10 Million

The government is reportedly planning a new car financing scheme that could allow citizens to purchase vehicles through easy installments over a period of seven years. Under the proposed plan, banks may offer auto loans of up to Rs. 10 million, making it easier for middle-income families to buy new cars. Experts believe the initiative could boost Pakistan’s automobile industry while increasing access to vehicle ownership across the country.