KIA Pakistan cars prices increased in the Jan 2023
Pakistan auto industry is facing many challenges right now. These include bad economic situation of the country, ever deteriorating Pakistani currency against the US dollar and the steps taken by government to keep US Dollars inside country. Overall the Pakistan’s economy is facing challenges mainly due to political instability in the country, which affected the foreign exchanges reserves of country, which are at lowest right now. To keep the US Dollars in country, govt of Pakistan pun on many restriction. These restrictions are resulting in difficulties for car manufacturers of Pakistan in opening the Letters of Credits (LCs) with the local banks to import completely knocked down (CKD) vehicles kits. Which results in disruption of supplies for car manufacturing, hence […]