Karachi: Pak Suzuki Motor Co. Ltd. has announced the temporary shutdown of its automobile plant due to a shortage of inventory. This decision, made by the company's management, will see the automobile plant ceasing operations from November 9, 2023, to November 14, 2023. It is important to note that during this period, the motorcycle plant will remain operational.
The announcement, in accordance with Section 96 & 131 of the Securities Act 2015 and clause 5.6.1(a) of PSX Regulations, suggests that this temporary shutdown is a strategic response to address inventory-related issues. The company may provide further updates on this matter as necessary.