SAZEW to temporarily shut down four-wheeler plant

News Image

MG News | February 24, 2023 at 04:28 PM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

February 24, 2023 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW), a leading automotive company in Pakistan has decided to temporarily shut down its Four Wheeler Plant starting from February 27, 2023, until March 04, 2023, the company filing on PSX showed today.

The decision was made due to the disruption in the supply chain caused by the government's strict measures to minimize the import of Completely Knocked Down (CKD) and raw materials of vehicles.

The company's Three-Wheeler and Automotive Parts manufacturing plants, however, will remain operational during this period.

SAZEW is committed to ensuring that the production and supply of these products continue uninterrupted.

The company's management has assured its shareholders and stakeholders that any further updates on the matter will be promptly communicated to the Pakistan Stock Exchange.

SAZEW has been a major player in the automotive industry in Pakistan, producing high-quality vehicles and parts for both the domestic and international markets.

Copyright Mettis Link News 

Related News

News
Applied for SE Fruits IPO? Your Refund Is on Its Way
News
Kohinoor Mills adds 3MW solar, takes total capacity to 10.2MW
News
EFU Life drops plan to acquire Waada Digital
Name Price/Vol %Chg/NChg
KSE100 164,776.44
91.08M 		-0.21%
-347.97
ALLSHR 99,975.86
381.85M 		-0.18%
-181.83
KSE30 48,868.27
48.36M 		-0.28%
-135.89
KMI30 237,568.77
35.61M 		-0.10%
-245.20
KMIALLSHR 64,841.15
163.25M 		-0.06%
-41.61
BKTi 45,396.53
8.58M 		-0.28%
-125.46
OGTi 33,428.39
3.96M 		-0.39%
-129.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 83,640.00 84,330.00
81,070.00 		715.00
0.86%
BRENT CRUDE 104.93 106.14
104.35 		-1.72
-1.61%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00 		0.50
0.39%
ROTTERDAM COAL MONTHLY 145.10 145.10
145.10 		0.30
0.21%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50 		0.00
0.00%
CRUDE OIL - WTI 92.26 93.49
91.70 		-1.48
-1.58%
SUGAR #11 WORLD 20.78 20.92
20.58 		-0.07
-0.34%
Chart of the Day
Latest News
October 13, 2026 at 04:58 PM GMT+05:00

Applied for SE Fruits IPO? Your Refund Is on Its Way

October 13, 2026 at 04:08 PM GMT+05:00

Govt nears satellite internet framework to attract investment

October 13, 2026 at 03:58 PM GMT+05:00

PSX Closing Bell: A Quiet Retreat

October 13, 2026 at 03:56 PM GMT+05:00

PKR holds ground against USD, KIBOR climbs

Top 5 things to watch in this week
Auto Numbers
Foreign Currency Deposits
Private Sector Credit
Large Scale Manufacturing (LSMI)
MTB Auction
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg