IGI Securities Limited – Investor Kit

Karachi, December 12, 2018 (PPI-OT): Top News

Sales of locally-assembled cars witnessed a steep decline by 17 percent in November 2018, Pakistan Automotive Manufacturers Association (PAMA) said, here on Tuesday. This volumetric decline is much anticipated in view of deteriorating economy, law barring tax non-filers from purchasing cars and multiple price hikes in past 12 months. Following sluggish auto demand outlook, the unit sales declined by 4 percent (YoY) during 5 month in FY2018-19 (5MFY19) which is first such decline after a period of five years. https://fp.brecorder.com/2018/12/20181212430372/