AVERTING FLOOD IMPACT ON AUTOMOBILE SECTOR

Byline: TARIQ AHMED SAEEDI Last financial year saw a staggering rise in sales of cars in the country by almost 50 per cent over the preceding financial year while automobile sector depicted a robust growth throughout the year, to have come in line with performance of oil and gas sector in terms of appreciation in share value. The growth was so remarkable that the government had revised the growth rate of the last fiscal year by 0.8 percentage points to 4.1 per cent. Will this growth pattern continue in this fiscal year amidst fears of unstable macroeconomic indicators remains to be seen.