PSMC extends motorcycle plant shutdown to September 15

MG News | September 14, 2023 at 09:54 AM GMT+05:00

0:00

September 14, 2023 (MLN): Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to extend the shutdown of its motorcycle plant to September 15, 2023, as revealed in the company's latest filing on PSX.

Notably, this comes after the motorcycle plant had been shut down till September 12, 2023.

The above decision is due to a shortage of inventory levels.

However, the automobile plant of PSMC will remain operative.

“Further update, if any, in this regard will be communicated accordingly,” the notice further reads.

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

Copyright Mettis Link News

Related News

PSX Closing Bell: Hold On, We’re Going Up

Thatta Cement refutes liquidity crunch rumors

MEHT apparel unit to transfer to MG Apparel Limited following demerger

Name	Price/Vol	%Chg/NChg
KSE100	167,258.05 64.25M	0.59% 974.49
ALLSHR	101,361.08 221.90M	0.61% 618.02
KSE30	50,783.26 38.22M	0.60% 301.40
KMI30	239,789.15 46.18M	0.71% 1697.11
KMIALLSHR	66,076.46 101.87M	0.70% 459.00
BKTi	45,259.15 8.81M	0.39% 177.67
OGTi	33,354.98 4.30M	0.83% 274.32

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,420.00	92,995.00 92,185.00	-420.00 -0.45%
BRENT CRUDE	63.10	63.33 63.06	-0.16 -0.25%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	-0.45 -0.49%
ROTTERDAM COAL MONTHLY	97.00	97.90 97.00	-1.50 -1.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	59.46	59.74 59.42	-0.21 -0.35%
SUGAR #11 WORLD	14.91	15.00 14.78	-0.02 -0.13%