A few days ago I blogged about CF98 price coming down to Rs 70 to 80k. Just two days ago I got word that CF98 is selling from Rs 50 to 60k. That is really some price drop! But from what I have heard the pistols are still not selling. The reason I have been told is that a huge lot of them was held up at the port because of some reason. The packing had deterriorated, some of the handguns had rusted, and were in pretty bad shape. Anyways they say pistols were cleared after many years, they were reblued, in some cases renumbered and repacked. They also say news has a way of getting around, so people got wind of it. Sales dropped and here we are today. These are rumors.
But the actual story is that around 4000 pistols landed in Pakistan. The market did not have that much capacity. Prices dropped. There were lots of rumors in between. But just today I got word the price has again shot back to 70k.
I want to thank SZ for pointing out this fact. He commented and I had to make lots of calls to get to the truth. Many thanks sir. Your comment is valuable. The post has this been updated. I apologize if this has caused inconvenience to anyone.
But really there’s a lot of people who still believe in the rumors.