The financing of automobiles in Pakistan is currently on its peak. As per the latest figures provided by the State Bank of Pakistan (SBP), the amount of vehicle financing has gone up to Rs369.12 billion as of May 2026. In April, the number was Rs359.5 billion. This is the highest figure seen till date. Prior to that, the previous record was Rs368 billion, which was recorded back in June 2022.
Car Financing in Pakistan Hits Record Rs369 Billion as Vehicle Sales Rise
The financing of automobiles in Pakistan has achieved new levels. As per the recent numbers from the State Bank of Pakistan (SBP), Pakistan car financing record 2026 shows that the level of vehicle financing has climbed up to Rs 369.12 billion in May 2026. The total was Rs 359.5 billion in April. This has become the highest level of automobile financing ever witnessed. Prior to this, the highest level of financing for autos had been the one of Rs 368 billion, witnessed in June 2022.
Hybrid and Electric Vehicles Support Demand
There is also interest in the latest models of automobiles, and this factor also helps in the development of this market. Pakistan car production target 2026 is also gaining attention as the industry expands. Hybrid engine and electric cars have been in great demand in Pakistan. Due to the high cost of petrol and diesel, there is a lot of interest in fuel-efficient cars. People prefer hybrid and electric cars while purchasing a car.
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Vehicle Sales Show Strong Growth
Interest exists in the newer car models that add to the expansion of this market as well. Hybrid cars and electric cars are becoming more common in Pakistan. There is considerable interest in fuel-efficient cars because of the high cost of petrol and diesel. People tend to buy hybrid and electric cars instead of conventional cars.
Imports and Financing Continue to Rise
The revival of the automobile sector can be gauged from the rise in the level of imports. Local automobile makers made SKD and CKD imports worth $1.877 billion in July-May 2025-26. MG HS PHEV Pakistan delivery 2026 also reflects growing activity in the automotive market.
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Last year in the same period, the imports amounted to $949 million. The doubling of the value of imports is an indication that the automobile makers are preparing themselves to cater to rising demands. Financing of automobiles has been on the rise continuously since June 2025, when the figure stood at Rs276 billion. On a yearly comparison basis, the financing grew by 35.52 percent to Rs235.45 billion in December 2024.
Outlook for the Coming Months
The automobile market in Pakistan is expected to continue performing well for months to come. New models of cars are being launched by the automobile manufacturers, whereas consumers are seeking affordable and economical transport solutions. Interest rates have also played a very important part in improving the market’s performance. The policy rate has fallen since January and currently stands at 10.5 percent, the lowest since April 2022. News source eTimes Pakistan.
