PSMC shuts down motorcycle plant for 2 weeks

MG News | July 31, 2023 at 12:01 PM GMT+05:00

0:00

July 31, 2023 (MLN): Pak Suzuki Motor Company Limited (PSX: PSMC) has decided to shut down its motorcycle plant from July 31 to August 15, 2023, the company’s latest filing on PSX revealed.

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

However, the automobile plant of PSMC will remain operative.

Notably, this comes after the motorcycle plant had been shut down till July 16, 2023.

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

Copyright Mettis Link News

Related News

Weekly Market Roundup

ACPL delivers strong 9MFY26 profit growth

Bank Alfalah Limited share count to double after Rs10 to Rs5 Split

Name	Price/Vol	%Chg/NChg
KSE100	167,191.38 452.22M	1.01% 1673.87
ALLSHR	99,572.56 854.13M	1.14% 1123.80
KSE30	50,589.37 258.13M	0.84% 420.31
KMI30	242,439.68 214.57M	0.52% 1247.28
KMIALLSHR	65,152.10 464.27M	0.90% 579.98
BKTi	45,989.68 77.65M	1.01% 460.44
OGTi	34,428.33 15.83M	0.36% 122.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,000.00	71,530.00 70,535.00	-2485.00 -3.38%
BRENT CRUDE	102.96	103.87 100.94	7.76 8.15%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	2.25 2.19%
ROTTERDAM COAL MONTHLY	104.00	0.00 0.00	-0.85 -0.81%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	104.40	105.63 101.92	7.83 8.11%
SUGAR #11 WORLD	13.76	0.00 0.00	0.01 0.07%