INDU decides to halt production from March 24

09:32
March 24, 2023
MG

March 24, 2023 (MLN): Indus Motor Company Limited (PSX: INDU), one of Pakistan's leading automotive manufacturers has decided to shut down its production plant from March 24, 2023, to March 27, 2023.

In a notification sent to PSX, the company said that the decision was made due to the company's inability to maintain sufficient inventory levels to sustain production.

The company has been facing multiple hurdles in importing raw materials and receiving clearance for their consignments from commercial banks.

The difficulties in opening letters of credit (LCs) for raw materials by banks have disrupted the supply chain of the company, making it impossible for its vendors to supply raw materials and components to the company, it added.

As a result, Indus Motor Company Ltd has been unable to continue its production activities.

Copyright Mettis Link News

Posted on: 2023-03-24T09:23:11+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	286.70000	286.75000	286.75000	286.70000	03:02 PM
2	EUR	1.04823	1.04825	1.04825	1.04823	01:09 AM
3	GBP	1.20909	1.20919	1.20919	1.20909	01:09 AM
4	CHF	0.91785	0.91791	0.91791	0.91785	01:09 AM
5	JPY	149.81200	149.81500	149.81500	149.81200	01:09 AM
6	CAD	1.36714	1.36718	1.36718	1.36714	01:09 AM
7	AUD	0.63642	0.63645	0.63645	0.63642	01:09 AM
8	INR	83.19890	83.23490	83.23490	83.19890	01:09 AM
9	SAR	3.75050	3.75070	3.75070	3.75050	10:09 AM
10	AED	3.67260	3.67340	3.67340	3.67260	08:58 AM
11	HKD	7.83197	7.83422	7.83320	7.83310	01:09 AM
12	CNH	7.32179	7.32187	7.32187	7.32179	01:09 AM
13	CNY	7.30100	7.30200	7.30200	7.30100	03:37 AM
14	THB	36.95000	36.97000	36.97000	36.95000	01:09 AM
15	MYR	4.71450	4.71950	4.71950	4.71450	12:20 AM
16	IDR	15,550.30000	15,562.50000	15,562.50000	15,550.30000	01:09 AM
17	SGD	1.37287	1.37315	1.37315	1.37287	01:09 AM
18	NZD	0.59467	0.59475	0.59475	0.59467	01:09 AM
19	MXN	17.68480	17.69080	17.69084	17.68484	01:09 AM
20	TRY	27.45410	27.46410	27.46410	27.45410	01:09 AM
21	SEK	11.05500	11.06400	11.06400	11.05500	01:09 AM
22	ZAR	19.19640	19.22640	19.22640	19.19640	01:09 AM
23	NOK	10.84830	10.85420	10.85416	10.84832	01:09 AM
24	DKK	7.11510	7.11610	7.11610	7.11510	01:09 AM
25	ARS	349.98500	349.99500	349.99500	349.98500	01:09 AM
26	BDT	108.60500	112.02200	112.02248	108.60485	04:19 PM
27	BHD	0.37620	0.37700	0.37700	0.37620	07:26 AM
28	BRL	5.06470	5.06770	5.06770	5.06470	01:08 AM
29	KRW	1,357.23000	1,358.44000	1,358.44000	1,357.23000	01:09 AM
30	KWD	0.30927	0.30937	0.30937	0.30927	10:09 AM
31	LKR	321.37000	328.01500	328.01546	321.37009	04:19 PM
32	OMR	0.38493	0.38508	0.38508	0.38493	04:34 AM
33	QAR	3.64460	3.64560	3.64560	3.64460	04:21 AM
34	RUB	99.21500	99.28500	99.28500	99.21500	12:32 AM
35	AFN	77.00000	80.00000	80.00000	77.00000	08:23 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	03:48 PM
37	TMT	3.35000	3.65000	3.65000	3.35000	11:18 PM
38	MVR	15.20000	15.50000	15.50000	15.20000	11:30 PM
39	UZS	12,150.00000	12,250.00000	12,250.00000	12,150.00000	11:40 PM
40	PHP	56.66200	56.84000	56.84000	56.66200	01:09 AM
42	NGN	766.47000	767.47000	767.47000	766.47000	10:32 PM
43	KES	147.35000	149.35000	149.35000	147.35000	11:06 PM
44	AMD	402.21000	402.21000	402.21000	402.21000	05:45 PM
45	TWD	32.33450	32.36450	32.36450	32.33500	01:09 AM
46	XAU	1,828.78000	1,828.99000	1,828.99000	1,828.78000	01:08 AM
47	XAG	21.16020	21.17080	21.17080	21.16020	01:08 AM
2,120	VES	34.33930	34.42540	34.42540	34.33934	11:10 PM
2,212	UGX	3,714.64000	3,800.08000	3,800.07594	3,714.63831	04:19 PM
2,213	TZS	2,509.99000	2,510.01000	2,510.01500	2,509.98500	09:48 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	46,704.64	46,627.084	46,294.62	394.493	0.853	100,351,138.0	6,467,616,919.470	02/10/2023 04:13 PM
ALLSHR	31,406.70	31,372.932	31,186.21	214.226	0.688	202,084,301.0	7,398,967,971.830	02/10/2023 04:13 PM
KSE30	16,185.39	16,149.325	16,017.65	160.114	1.001	53,699,478.0	5,275,148,933.920	02/10/2023 04:13 PM
KMI30	78,892.44	78,736.362	77,821.50	1,066.992	1.374	56,554,790.0	5,259,523,502.310	02/10/2023 04:13 PM
KMIALLSHR	22,863.47	22,844.953	22,656.98	208.498	0.921	146,085,586.0	6,312,968,017.670	02/10/2023 04:13 PM
BKTi	11,143.21	11,062.612	11,001.74	37.177	0.337	7,590,760.0	409,784,504.970	02/10/2023 04:13 PM
OGTi	11,904.91	11,877.063	11,679.48	224.385	1.926	23,950,040.0	2,362,745,036.310	02/10/2023 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	28,150.0	28,950.0	27,190.0	1,050.00
BRENT CRUDE	EB	90.5	93.3	90.4	-1.66
RICHARDS BAY COAL MONTHLY	EF	120.0	0.0	0.0	-9.40
ROTTERDAM COAL MONTHLY	ET	124.5	127.5	124.3	-3.55
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	88.8	91.9	88.5	-2.02
SUGAR #11 WORLD	SB	26.4	26.8	26.3	-0.13