Unveiling the soul of Pakistan's metropolis.
Karachi Matters
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Unveiling the soul of Pakistan's metropolis.
Karachi Matters Editor
In July, car sales decreased by 36%. A total of 8,589 units were sold during the month of July this year.
This represents a 60% increase on an annual basis, but a 36% decrease on a monthly basis.
According to Dawn, the decline in car sales is being attributed to the increase in the withholding tax rate imposed in the budget for the fiscal year 2025.
In June, car sales had reached an 18-month high.
Karachi Matters EditorAccording to the World Bank, 44.7% of Pakistan’s population now lives below the poverty line, up from 39.8% previously. The poverty threshold for lower-middle-income countries has been revised from $3.65…
Karachi Matters EditorThe government has warned that inflation could rise to 7.5% in the next financial year (2025–26), compared to 5% this year. This increase is expected due to relaxed import restrictions…
