Pak Suzuki Suspends Production For Three Days

Pak Suzuki Suspends Production For Three Days

Pak Suzuki suspends production for three days

Suzuki Motors announced on Thursday that it will halt production for three days.

The car group announced the operation of the car factory will stop from 24 October to October 26, 2022.

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The State Bank of Pakistan (SBP) has introduced a mechanism for prior approval for import under the HS code 8703 category (including CKDs) through a circular on May 20, 2022, said the company.

“Restrictions had adversely impacted clearance of import consignment which resultantly affected the inventory levels,” it said.

Therefore, “due to a stock shortage, the management decided to close the car factory from October 24, 2022, to October 26, 2022. However, the motorcycle factory will remain operational.”

OEMs are facing shorter production days due to inventory shortages.

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The company announced the closure last month from September 8 to 9.

Pak Suzuki suspends production for three days