LAHORE MIRROR — Pak Suzuki Motor Co (PSMC) has once again announced to halt its motorcycle production for the third time in this fiscal year, citing shortage of raw material as reason for halt.
The automobile manufacturer issued a notice to the Pakistan Stock Exchange (PSX), saying that the production will be suspended for the next 12 days — starting from September 1 to 12, 2023.
Previously, the PSMC had announced a shutdown from August 18 to 31, 2023, as reported by the company’s secretary. Before that, the company was closed from July 31 to August 15, 2023, due to inventory constraints.
Despite a halt in production, regular operations would continue at the vehicle manufacturing plant, the bourse filing said.
