Tuesday, June 25, 2024

KIA Pakistan Suspends Booking of All Vehicles Due to Pakistani Rupee Devaluation

Due to the sharp decline in the Pakistani Rupee, Lucky Motor Corporation (LMC) on Friday stated that it would stop accepting any new reservations for KIA vehicles (PKR).

Bookings will resume, according to the corporation, once the value of the local currency in relation to the dollar has stabilized.

On January 27, 2023, the local currency lost PKR 31.71, or 14%, against the dollar over the previous two days.

In a news release, the business stated that it has always valued treating consumers fairly and openly.

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