The outstanding auto financing continued its downward trend for the ninth month in a row, plunging almost 12.83 per cent to Rs317 billion in March from Rs363.55bn in the same month last year. It witnessed a 2.74pc drop as compared to Rs325.86bn in February, data released by the State Bank of Pakistan (SBP) showed on Monday. Phenomenal hikes in interest rates, soaring automobile prices, frequ