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Economic Outlook of Leasing in Pakistan

Economic Outlook of Leasing in Pakistan

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Published by J_Abb

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Categories:Types, Business/Law
Published by: J_Abb on Apr 11, 2010
Copyright:Attribution Non-commercial

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11/08/2012

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Economic Outlook of Leasing in Pakistan
As all global economies, Pakistans economy is facingvery testing economic challenges
 ±
This also applies to the financial sector of which leasingcompanies form an integral part
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The major deterrents for leasing companies are constantlyrising interest rates in the economy and breakneckinflation which have significantly decreased leasingcustomers
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Inflation for February 2010 stood at 13%; for last year inthe same quarter it was reported to be 22.1%
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Analyst reports for the current term claim that leasingcompanies like AskariLeasing will be hit hard in thefuture
 
Economic Outlook of Leasing in Pakistan
For the foreseeable future all performanceindicators derive at negative impacts on themarket for leasing
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More recessionary practices in the financial budgetpreparations
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Un-arrested food inflation
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Foreign investors confidence is on the decline
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Badly monitored civil war
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Dictatorial measures of the IMF
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Load shedding has made survival difficult for localindustries
 
Economic Outlook of Leasing in Pakistan
The Business Recorder reports that,
With the high cost of  financing due to increased interest rates and inflation premiums, the demand for vehicles and their leasing has beendropping. 
C
ost of automobiles has risen due to
 ±
Increased steel prices
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Rising energy costs
 ±
Depreciation in the rupee value
Automobile leasing contributed more than half of consumerleasing during the economic boom and scales have droppedsignificantly from previous years making leasing companieslose one of their main customer segments

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