KARACHI: Pak Suzuki Motor Company Limited on Monday announced a further extension in plant shutdown due to shortage of inventory.
“Due to shortage of inventory level, the management of the company has decided to further extend the shutdown period of automobile plant from August 29, 2022 to August 31, 2022,” the company said in a communication sent to Pakistan Stock Exchange (PSX).
READ MORE: Suzuki Motors extends plant shutdown in Pakistan
However, motorcycle plant will remain operative, it said, adding that further update, if any, in this regard will be communicated accordingly.
Pak Suzuki Motors Co. Ltd. in a communication sent to Pakistan Stock Exchange (PSX), stated that the State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKD) vide circular No. 09 of 2022 dated May 20, 2022.
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Previously, due to shortage of inventory level, the management of the company has decided to further extend the shutdown period of automobile plant from August 22, 2022 to August 26, 2022.
The company also shut down the plant due to shortage of inventory level from August 18, 2022 to August 19, 2022.
