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Pak Suzuki expands plant closure

  KARACHI: Pak Suzuki Motor Co Ltd (PSMC) has broadened the conclusion of its auto and bicycle plant by one more week on a "proceeded with deficiency of stock level", The News revealed. In a previous warning on June 19, the organization had reported creation slices from June 22 to July 08, 2023, which it has now reached out till July 15. The choice came because of a steady deficiency of natural substances, which was conveyed in a proclamation delivered to the Pakistan Stock Trade (PSX) on Tuesday. "Because of proceeded with lack of stock level, the administration of the organization has chosen to expand the closure of auto and cruiser plant till July 15, 2023," the PSMC organization secretary informed in the notification. The organization kept its cruiser plant shut for five days toward the beginning of June, and the vehicle plant additionally stayed shut in May for eight days alongside the bike plant. Since July of the earlier year, the organization has been distre...

Honda shutdown in Pakistan

  Honda Atlas Cars Vehicles on Friday declared a 15-day expansion to its longest plant closure this year, referring to the country's financial emergency, limitations on opening letters of credit for imports, and stopping unfamiliar installments. The organization reported an underlying 23-day closure on Walk 8, which was supposed to end on march 31. It then, at that point, stretched out the closure to April 15 which was subsequently reached out till April 30. Presently the constructing agent of Honda cars in Pakistan, in its fourth plant conclusion declaration starting from the beginning of 2023, said that it would expand shut down of its plant for next 15 days till May 15. Honda says the public authority's rigid measures to manage what is happening have "seriously upset" the organization's inventory network. In a notification to the Pakistan Stock Trade, the organization, a unit of Japan's Honda Engine Co Ltd said: "thus, the Organization isn't in tha...