PSMC to temporarily halt motorcycle plant from March 20

News Image

MG News | March 17, 2023 at 03:24 PM GMT+05:00

0:00

March 17, 2023 (MLN): The management of Pak Suzuki Motor Company Limited (PSMC), a leading automotive company has decided to temporarily shut down its motorcycle plant due to a shortage of inventory. '

The shutdown is scheduled to take place from March 20, 2023, to March 31, 2023.

However, it is important to note that the automobile plant will remain operative during this period. The company's management has assured its customers that the production and supply of automobiles will not be affected by the shutdown of the motorcycle plant.

The decision has been met with mixed reactions from industry experts and stakeholders.

While some have applauded the company's proactive approach to maintaining inventory levels, others have raised concerns about the impact the shutdown may have on the company's revenue and market share.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,447.30
475.39M
-0.17%
-294.05
ALLSHR 102,982.88
1,173.30M
-0.19%
-193.32
KSE30 51,831.63
203.62M
-0.19%
-100.47
KMI30 244,113.60
135.80M
-0.60%
-1472.20
KMIALLSHR 67,176.62
604.35M
-0.53%
-355.23
BKTi 46,076.74
115.84M
0.89%
404.61
OGTi 33,962.36
11.67M
-1.09%
-374.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 87,650.00 88,040.00
87,590.00
-145.00
-0.17%
BRENT CRUDE 59.37 59.38
59.25
0.45
0.76%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
2.15
2.42%
ROTTERDAM COAL MONTHLY 95.75 0.00
0.00
-0.15
-0.16%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 55.60 56.00
55.08
-1.22
-2.15%
SUGAR #11 WORLD 14.85 15.07
14.78
-0.10
-0.67%

Chart of the Day


Latest News
December 17, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


December 16, 2025 at 05:54 PM GMT+05:00

Govt borrows Rs100bn debt in a week


December 16, 2025 at 05:46 PM GMT+05:00

M2 falls by Rs375bn in a week


December 16, 2025 at 05:08 PM GMT+05:00

MLCF on firm footing to Rs193


December 16, 2025 at 04:46 PM GMT+05:00

APTMA requests FBR to extend sales tax filing, payment deadline



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg