Karachi, Pak Suzuki Motor Company Limited informed Pakistan Stock Exchange that State Bank of Pakistan (SBP) has introduced a mechanism for prior approval for import under HS code 8703 category (including CKDs) vide circular No.09 of 2022 dated May 20, 2022. Restrictions had adversely impacted clearance of import consignment which resultantly affected the inventory levels.
Pak Suzuki Motor Company Limited was incorporated in Pakistan as a public limited company in August 1983. The Company was formed in accordance with the terms of a joint venture agreement concluded between Pakistan Automobile Corporation Limited and Suzuki Motor Corporation, Japan (the Holding Company). The Company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s and motorcycles and related spare parts.
The total numbers of shares are 82,299,851. The Earnings per share is (19.31) in 2020 which was (35.49) in 2019. The Company had a loss of Rs. 1,589,486,000 in 2020 which was 2,920,485,000 in 2019.