Pak Suzuki Motor Company Ltd (PSMCL) has recently announced that it will temporarily close its automobile and motorcycle plant in Pakistan. The reason behind this decision is a shortage of inventory.
As per a notice sent to the Pakistan Stock Exchange (PSX), the shutdown will start on June 22, 2023, and last until July 08, 2023. Pak Suzuki, which is the leading car manufacturer in Pakistan in terms of production and sales, has attributed the inventory shortage to the government’s import restrictions.
These restrictions have affected the entire automotive sector and caused a lack of available stock, which has necessitated the temporary closure.