Pak Suzuki Motor Company (PSMC) has introduced an installment plan specifically for used cars. The plan is accessible at all authorized Suzuki dealerships; however, it is exclusively available to Meezan Bank and Bank Al-Falah cardholders.
The installment plan offers the following advantages:
- Discounted Markup Rate
- Discounted Insurance Rates
- Eight-Year Financing Period
- Up to 50% Discount on Processing Fee
- Residual Value (RV) Financing for Up to Three Years
- Suzuki’s SOS Call Service
As the largest car company in Pakistan in terms of sales and production volume, PSMC has directly written a letter to the interim Prime Minister of Pakistan, Mian Shahbaz Sharif, urging him not to approve tax increases in the upcoming fiscal budget.
The letter states:
We would like to draw your attention to the fact that PSMC is currently facing the most challenging period in its nearly 40-year history. The company has already incurred significant losses of Rs. 12.9 billion in the first quarter of the current year due to economic uncertainties. The company is also experiencing numerous “No Production Days” every month throughout the year. Moreover, our dealers and suppliers are also severely impacted by the current economic and business situation, with some already closed and many others on the verge of closure.
Suzuki has requested the Prime Minister to refrain from imposing tax hikes on cars with engine capacities up to 1,000cc. This request is based on the fact that the majority of the automaker’s lineup consists of vehicles with engines of 1,000cc or smaller.