KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) has extended closure of its production plant till September 8-9, however, its motorcycle plant will continue to operate.
In an announcement to the Pakistan Stock Exchange on Friday, the company said it would suspend its production for another two days from September 8 to September 9.
The company said the State Bank of Pakistan has introduced a mechanism for prior approval for import under the HS code 8703 category (including CKDs). “Restrictions had adversely impacted clearance of import consignment, which resultantly affected the inventory levels,” it said.
Consequently, the company decided to extend its automobile plant shutdown to Sept 8-9, it said.
Last month, the company had kept its plant shut from Aug 18-19, Aug 22-26 and Aug 29-31.
