Auto sector was roiled by rising interest rates, as well as inflation, born out of excessive monetary stimulus extended by Pakistan amid default threat
Vehicle Parts Manufacturer Extends Shutdown into 2023 propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Pakistan's Suzuki Motor Company (PSMC) on Monday announced that its production plants in the country will be closed completely between January 2 and 6. Reportedly this is because of an inventory shortage following a restriction on the import of auto parts.
Geo News reports that the PSMC in a notice sent to the Pakistan Stock Exchange (PSX) said that the State Bank of Pakistan (SBP) has introduced a mechanism for prior approval for import under "HS code 8703 category (including completely knocked down - CKDs) vide circular No.09 of 2022 dated May 20, 2022."
Citing a shortage of inventory level following a restriction on the import of auto parts, Pak Sukuzi Motor Company (PSMC) on Monday announced that its productio