LOTCHEM temporarily suspends plant operations

MG News | March 14, 2023 at 03:32 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 14, 2023 (MLN): LOTTE Chemical Pakistan Ltd. (PSX: LOTCHEM) has temporarily suspended its plant operations starting from March 15, 2023, until further notice, the company's filing on PSX revealed today.

Due to the current economic situation in the country and its impact on the availability of foreign exchange reserves, the company is unable to continue its production activities.

This decision is a result of the inability of banks to open letters of credit for the import of raw materials.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	178,922.76 458.03M	-1.36% -2475.46
ALLSHR	107,850.27 1,038.22M	-1.24% -1356.82
KSE30	53,308.95 263.66M	-1.46% -789.54
KMI30	255,193.17 241.09M	-1.46% -3789.62
KMIALLSHR	69,955.81 579.69M	-1.31% -930.18
BKTi	48,839.93 52.13M	-1.20% -593.67
OGTi	36,450.04 22.36M	-1.87% -693.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,210.00	64,545.00 62,315.00	1265.00 2.01%
BRENT CRUDE	80.38	80.81 78.77	0.53 0.66%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	-0.25 -0.22%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	1.20 0.97%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	76.54	76.78 74.98	0.69 0.91%
SUGAR #11 WORLD	14.14	14.50 14.10	-0.23 -1.60%