Automobile sales in Pakistan fell 38% in December 2022 to 16,811 units on a year-on-year basis, according to the data released by Pakistan Automotive Manufacturers Association (PAMA) on Wednesday.
The decrease was driven by restrictions on import of completely knocked down (CKD) units and problems pertaining to opening of letters of credit (LCs).
Experts foresee car sales to drop 40-50% in fiscal year 2023.
