Millat Tractors shut down for indefinite period pakobserver.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakobserver.net Daily Mail and Mail on Sunday newspapers.
Millat Tractors Limited Thursday announced halting its production for an indefinite period commencing from tomorrow , stating that they could not plough ahead with their operations amid a plunge in.
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."