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Home Technology

After Toyota, Pak Suzuki also announces to shut down production

by News Publishing
December 27, 2022
in Technology
Reading Time: 1 min read
0
Pak Suzuki extends plant closure on inventory shortages
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Pak Suzuki Motor Company Limited, another manufacturer, has declared that its production facility will be closed from January 2 to January 6.

Pakistan Suzuki Motors informed the Pakistan Stock Exchange (PSX) in writing that the manufacturing of vehicles and motorcycles will cease entirely from January 2 to January 6.

A restriction on the importation of completely knocked-down (CKD) kits by the central bank prompted Indus Motor Company (IMC) to announce earlier in the month that it would close its manufacturing facility for ten days.

The Toyota car manufacturer, Indus Motor Company, has declared a 10-day plant shutdown from December 20 to December 30.

According to the statement, the decision was made following the State Bank of Pakistan’s ban on the importation of fully knocked-down (CKD) kits (SBP).

Due to a lack of the raw materials required to run manufacturing plants on a daily basis, the import limitations made it more difficult to make cars.

Tags: Car ProductionlatestPak SuzukiToyota

News Publishing

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