Tag: Raw Material
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Pak Suzuki’s auto and motorcycle plant to stay closed till July 19
Pak Suzuki Motor Company Ltd (PSMCL), Pakistan’s leading car manufacturer in terms of production and sales, has announced an extension of its plant shutdown due to an ongoing shortage of inventory. The decision was conveyed to the Pakistan Stock Exchange (PSX) through an official notice on Friday.
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Export industry is one of the highest priorities of govt: Ishaq Dar
Federal Minister for Finance and Revenue Ishaq Dar on Monday said that the government will make it easier for all exporters to import the raw materials, components, and accessories they need to meet their demands, including five previously zero-rated export-oriented sectors. “Export industry is one of the highest priority of our government,” the minister wrote…
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Diamond Industries suspends manufacturing operations due to unavailability of raw materials
A major manufacturer of foam products in Pakistan, Diamond Industries Limited has announced to suspend its manufacturing operations from today owing to a shortage of imported raw material.
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Pak Suzuki suffers losses of Rs17.23 million due to rising production costs
Pak Suzuki Motor Company Ltd. (PSMC) reported its half-yearly results, which were completed on June 30, 2022. The company reported a net loss of Rs17.23 million against a net profit of Rs1.19 billion, according to the automaker’s latest filing on the Pakistan Stock Exchange (PSX). According to Mettis Global, the company’s sales revenue climbed 30…
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Hyundai-Nishat announces a hefty price hike following KIA
Hyundai-Nishat Motors raised the pricing of its Tucson variants by Rs1.1 million, citing the decline in the currency as the primary cause, following Lucky Motor Corporation’s price increases for its KIA-brand vehicles. After an increase of Rs1.1 million price increase for the c, the Hyundai Tucson FWD model is now offered for Rs6.89 million. The…
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Pakistan pushed into darkness due to Europe’s decision to cut off Russian fuel
The European attempt to abandon Russian oil is intended to punish Moscow for its invasion of Ukraine. It’s also wreaking havoc thousands of miles away, throwing Pakistan into darkness, destabilising one regime, and jeopardising the country’s new leadership’s stability. According to Bloomberg, Pakistan invested heavily in liquefied natural gas and inked long-term contracts with Italian…