Pak Suzuki Plant will stay close for another week

BusinessPak Suzuki Plant will stay close for another week
  • Car delivery times of Alto, Swift & Wagon R Bolan will be delayed

The unresolved issue of the inventory shortage has forced the Pak Suzuki Motor Company Limited (PSMCL) to extend the plant shutdown for another week.

The Pakistani automobile company, which is a subsidiary of the Japanese automaker Suzuki, had earlier announced to shut down the plant temporarily from January 2-6, 2023 citing the inventory shortage as the reason.

Later last Friday, the Company said that it has decided to extend the shutdown of its automobile plant from January 16 to January 20 due to the persistent inventory shortage.

“Further to our letter dated January 06, 2022 on the above subject, kindly note that due to the continued shortage of inventory level, the management of the company has decided to extend the shutdown of the automobile plant from January 16, 2023 to January 20, 2023,” read the notice sent by the PSMCL to the Pakistan Stock Exchange (PSX).

The Company however said that “The motorcycle plant will remain operative.”

The automaker maintained that import restrictions introduced by the State Bank of Pakistan (SBP) in May last year had adversely impacted the clearance of import consignment which resultantly affected the inventory levels.

The analysts said that the extended plant shutdown will likely cause the delay in delivery times of Alto, Swift, and Wagon R Bolan.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

225 Rankers promoted in Rawalpindi Police Range

225 Rankers promoted in Rawalpindi Police Range

0
Rawalpindi, Pakistan: Regional Police Officer (RPO) Rawalpindi Region Babar Sarfaraz Alpa promoted 122 Assistant Sub-Inspectors (ASI) to the rank of Sub-Inspectors (SI) while 93...

Pakistan Army sent 15 terrorists to the hell while one soldier got martyrdom

0
Islamabad, Pakistan: On 10 December 2024, security forces conducted an intelligence-based operation in the general area of Sambaza, Zhob District, and during the conduct...
Imran-Faiz duo and stories of corruptions

Faiz Hamid charge sheets for working against safety and interest of the state

0
Islamabad, Pakistan: Lt Gen Faiz Hamid (Retd) is formally accused of working against the safety and interest of the state.The involvement of Lt Gen Faiz...
Proclaimed Criminals Arrested by Patrol Police Rawalpindi Region Rawalpindi, Pakistan: Patrol Police Rawalpindi Region is continuing operations against criminal elements under the guidance of SSP Muhammad Bin Ashraf. ASI Asif Kiani from Patrol Post Massa Kaswal, ASI Muhammad Atif from Bhalot Mor and ASI Imran Shaukat from Chakmoon, Sub-Inspector Waseem Hassan from Chakmoon arrested and imprisoned the proclaimed criminals while carrying out various operations. While taking further actions from the region, cases were registered against 04 drivers who installed non-standard gas cylinders in vehicles. Along with preventing and suppressing crimes, the Patrol Police is also taking the lead in protecting and serving the public which was highly appreciated in the public circles.

Proclaimed criminals arrested by Patrol Police Rawalpindi Region

0
Rawalpindi, Pakistan: Patrol Police Rawalpindi Region is continuing operations against criminal elements under the guidance of SSP Muhammad Bin Ashraf, says a press release...
Pakistan Army team that secured the prestigious Gold Medal in the “Exercise Cambrian Patrol”

COAS Gen Asim Munir met with the Pakistan Army team that secured the prestigious...

0
Islamabad, Pakistan: General Syed Asim Munir, NI (M), Chief of Army Staff (COAS), met with the Pakistan Army team that secured the prestigious Gold...
Advertisement