Honda Atlas has extended its longest production shutdown till April 15!
Honda Atlas Cars Pakistan Ltd, a unit of Japan’s Honda Motor Co Ltd (7267.T), on Thursday, announced a 15-day extension to its longest plant shutdown this fiscal year, citing the country’s economic crisis, restrictions on opening letters of credit for imports, and halting foreign payments.
In a notice to the Pakistan Stock Exchange, the company said: “As a result, the Company is not in a position to continue with its production and ultimately has continued to shut down its plant from April 16, 2023, to April 30, 2023.”
The company announced an initial 23-day shutdown on March 8, which was expected to end on March 31.
Furthermore, Pak Suzuki Motor Company Ltd (PSMC), also announced a 13-day extension to an existing halt in its production of motorcycles.
The federal government slashed the petrol price by Rs5.45 per litre! With the latest reduction,…
The State Bank of Pakistan (SBP) has received SDR 828 million (around $1.1 billion) from…
Leading the charge in innovation and style, vivo, a global smartphone brand, announces its partnership…
A terrifying London sword attack has sent 5 injured to the hospital on Tuesday. Police…
Shahid Khaqan Abbasi and others accused in the LNG terminal case were acquitted by an…
Uber, renowned ride-hailing platform Uber Tuesday announced ceasing the operation of its app in Pakistan.…
OyeYeah is an entertainment project powered by Alliancez Inc. We’re motivated to digging up fresh, authentic news. Oye Yeah does not work on rumors! We have all sourced news because we believe in bringing our readers the best. We have a vision and we’re striving hard to achieve it day in, day out!
Read More
