Pak Suzuki halts production due to inventory shortage

By MG News | October 18, 2023 at 09:33 AM GMT+05:00

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October 18, 2023 (MLN): Owing to the shortage of inventory level, Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to shut down the automobile plant from October 25, 2023, to October 27, 2023, company's filing on PSX revealed today.

However, the motorcycle plant will remain operative, the company clarified.

The company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s motorcycles and related spare parts.

At the time of writing, the scrip of the company is being traded at Rs191.57, up by Rs13.37 or 7.50% compared to the previous close.

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