How the sale of SUV cars in Pakistan impacts the economy?
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The automobile industry is expanding at a rapid pace, and it is directly associated with various aspects of life like comfort, luxury, mobility, and security. Furthermore, it also paves new job opportunities, and the introduction of SUV Cars in Pakistan leads to employment either directly or indirectly. It has been observed that the global economy depends on the worldwide economy, and according to research, the automobile industry is responsible for 3 percent of the worldwide economy. It has been observed that the automobile industry is a driving force that pushes the economy to thrive and strive. As a whole, the sector is responsible for providing jobs to 3.5 million people. The history of the automobile sector of Pakistan can be divided into various phases. The first phase is referred to as the year 1947, and during this phase, the use of trucks was widespread. The year 1972 is referred to as the second phase during which efforts were made to privatize the sector, and the...