Tag: raw material shortage
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Pak Suzuki halts motorcycle production amidst raw material shortage
In response to an acute shortage of raw materials, Pak Suzuki Motor Company (PSMC) has once again announced the suspension of its motorcycle production. This marks the third production halt in the current fiscal year, underscoring the challenges faced by Pakistan’s automotive industry. According to a report by The News, the automobile manufacturer formally communicated…
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Pak Suzuki halts motorcycle production amidst ongoing inventory shortage
The Pak Suzuki Motor Company (PSMC) is once again grappling with the repercussions of the ongoing raw material shortage, which has forced the company to halt production at its motorcycle plant for at least 15 days. The decision, announced in a statement released to the Pakistan Stock Exchange (PSX), comes as the company struggles to…
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Steel prices surge to record high in Pakistan, posing a major challenge for construction sector
Read about the uphill battle in Pakistan’s construction industry as steel prices soar to an all-time high following a recent power tariff hike. Learn how this surge is affecting the availability of raw materials and posing major challenges for the construction sector
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Inventory shortage forces Pak Suzuki to extend motorcycle plant shutdown
Pak Suzuki Motor Company (PSMC) has officially announced the extension of the shutdown of its motorcycle plant until June 16, 2023. The decision was conveyed to the Pakistan Stock Exchange (PSX) through a notice on Tuesday. The company attributed this action to ongoing government restrictions on imports, which have negatively impacted the automotive industry and…