Cars no longer affordable for middle-class

Cars no longer affordable for middle-class

For Pakistan's middle-income households, car ownership has increasingly become unattainable, not merely because of inflation and currency depreciation, but due to a policy framework that has failed to balance consumer welfare, industrial development and macroeconomic stability. As vehicle prices continue to rise while incomes stagnate, debate has resurfaced over whether Pakistan should cautiously liberalise vehicle imports to revive competition …

Car ownership slipping out of reach for middle class

KARACHI: For Pakistan’s middle-income families, the dream of owning a car is becoming increasingly distant. Rising prices, stagnant wages and a policy framework that struggles to balance consumer needs with industrial growth have combined to make vehicles unaffordable for much of the population. The debate has reignited over whether Pakistan should cautiously open up vehicle imports to encourage competition and affordability, or continue with a …