Pakistani – Rich getting More Rich

https://catchonpakistan.com/2022/06/14/pakistani-rich-getting-more-rich/
AUTO MARKET STORY AND RESEARCH
The automobile industry is a capital-intensive and knowledge-intensive industry, plays an important role in the country’s socio-economic development. The alignment of forces in the automotive market is constantly changing. The role of the automobile industry in the development of the modern economy and the prospects for its development is determined by the place of motor transport in the infrastructure of the national economy.

According to international estimates, the average annual turnover of the world automobile industry is more than 2.75 trillion. Euro,2 which corresponds to 3.65% of world GDP. In the automotive industry over the last ten years (2007-2017) there was a 25% increase in production. Cars are one of the world’s largest export products, surpassing oil revenues, for example, world car exports by country3 in 2016 estimated at 698.2 billion dollars.

I researched the falling socioeconomic status of Pakistani households through Vehicles sales trends. Motorbike and the continuing financial burden that Motorbike present for low-income households that own them. I tie both these trends to the auto-orientation of Pakistani environment, which forces people to either spend on motorbike or risk being locked out of the economy. I analyzed that motorbike access remains difficult for low-income households and its operating costs are high and getting more high. Read More https://catchonpakistan.com/2022/06/14/pakistani-rich-getting-more-rich/