Pak Suzuki shutdown manufacturing Plants

    0
    49
    Pak Suzuki suspends the manufacture of cars and bikes
    Pak Suzuki suspends the manufacture of cars and bikes

    KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) said on Monday that it will continue to cease manufacturing from January 2–6, 2023 due to a lack of completely knocked down (CKD) kits.

    Contrary to previous practice, the business said that its two-wheeler assembly factory will also be shuttered at this time.

    The company claimed in a stock filing on Monday that the State Bank of Pakistan‘s introduction of a prior approval mechanism for imports under the HS Code 8703 category (including CKDs) on May 20 had negatively impacted the clearance of imported consignments and consequently had a negative impact on inventory levels.

    Due to a shortage of completely knocked-down (CKD) kits, Pak Suzuki Motor Company Ltd (PSMCL) announced on Monday that it will continue to halt production from January 2–6, 2023.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here