KARACHI: Pak Suzuki Motor Company Limited on Friday announced to continue its shutdown of automobile plant during next week.
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Pakistan Suzuki decides plant shutdown from Jan 02, 2023
KARACHI: Pakistan Suzuki on Monday decided to shut down its plant from January 02, 2023 till January 06, 2023.
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Attock Refinery restarts distillation unit
KARACHI: Attock Refinery Limited on Monday said its distillation unit has restarted working, which was shut down previously.
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ACCA conference highlights challenges faced by public sector
A conference hosted by Association of Chartered Certified Accountants (ACCA) highlighted the challenges faced by public sectors and gave solutions
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Pakistan Petroleum signs agreement for Reko Diq Project
KARACHI: Pakistan Petroleum Limited (PPL) has announced signing of an agreement for reconstituted Reko Diq Project.
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Engro Fertilizers organizes seminar to enhance food security
KARACHI: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has organized mega farmer seminars in Bahawalpur, Kabirwala, and Hafizabad, to support the Government of Punjab’s “Grow More Wheat” initiative for enhanced food security and farmer productivity in the country.
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Millat Tractors announces production holiday on Fridays
KARACHI: Millat Tractors Limited (MTL) on Thursday announced production holiday on Fridays due to lower demand of tractors.
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Kohinoor Spinning Mills stops production due to high cost
KARACHI: A spinning mill has stopped production due to high cost of production and economic downturn.
Kohinoor Spinning Mills Limited in a communication sent to Pakistan Stock Exchange on Wednesday said that due to prevailing global and economic downturn, overdue plant maintenance, high cost of production and low price and demand, it is not feasible to operation the production facility.
“Therefore, the management of the company has decided to temporary close/stop the production activities of the company with immediate effect,” the company said.
The management is hopeful that the current situation will improve in the first quarter of 2023 enabling the company to restart its operations.
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Attock Refinery shuts down distillation unit
KARACHI: Attock Refinery Limited on Tuesday announced a temporary shutdown of its distillation unit due to ullage constraints.
In a communication shared with the Pakistan Stock Exchange (PSX), the company informed that due to ullage constraints from low demand for furnace fuel oil, Attock Refinery Limited is temporarily shutting down its main distillation unit for approximately eight days.
“During this period some necessary maintenance jobs would also be carried out,” the company added.
Consequently, as result of this shut down refinery will be operating at capacity of 35 per cent.
However, adequate inventories of products are available to meeting the current requirements, the company added.
“This has been intimated to the ministry of energy (petroleum division) and Oil and Gas Regulatory Authority (OGRA) accordingly,” the company said.
