Pak Suzuki to Observe Plant Shutdowns in August

Pak Suzuki will reduce the number of production days in August due to shortage of parts following restrictions on their import imposed by the State Bank of Pakistan (SBP).

According to the company’s public relations head Shafiq Ahmed Shaikh, Pak Suzuki had already stopped booking of vehicles from 1st July due to an expected reduction in the number of production days in August. Without giving any specific dates of non-production days (NPDs) next month, Shafiq said:

“Currently the commercial banks were not opening letters of credit for completely knocked down (CKD) kits. Unavailability of CKD kits and related raw materials may result in plant shutdown next month.”

Shafiq fears there would be big problems in August if the same situation persisted and resuming the booking of vehicles would depend on normalization of LCs opening. He said SBP’s restrictions on opening LCs had greatly affected clearance of import consignments from the port. He went on to add that Pak Suzuki is trying its best to deliver all vehicles that were booked till June 2022.

Full Story: Dawn

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