Pak Suzuki Motor Company (PSMC) has decided not to restart production at its car plant as planned earlier this month.
Pak Suzuki Plant Closure Extended
The automaker announced in a notification that its management has decided to close the automobile plant from November 9 to November 14.
“However, the motorcycle plant will remain operative,” it added.
It’s worth noting that this is the third extension the company has announced in recent weeks, citing a lack of inventory.
They had previously decided to close the auto plant from November 6 to November 8.
It’s not impossible that the Japanese automaker will announce another extension of its production shutdown schedule after November 9.
To Delist From PSX
Another significant recent development was the decision by the company’s Board of Directors (BoD) to delist from the PSX and acquire all of its remaining shares.
Honda, on the other hand, informed the Pakistan Stock Exchange that its plant will be closed for an extended period of time, from November 8 to November 9.
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