Wednesday, June 19, 2024

Pak Suzuki Announces Plant Shutdown Over ‘Inventory Shortage’

Once again PSMCL (Pak Suzuki Motor Company Ltd) has announced to shutdown their plant from 13 to 17 February because of inventory shortage.

A notice has been shared to PSX (Pakistan Stock Exchange) stating, “Due to continued shortage of inventory level, the management of the company has decided to shut-down automobile plant from February 13, 2023 to February 17, 2023.”

In the filing, the firm stated that the company’s imports “adversely impacted clearance of import consignment which resultantly affected inventory levels”.

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