Pak Suzuki extends bike plant shutdown

Pak Suzuki has extended its bike plant shutdown.

Pak Suzuki Motor Co Limited announced an extension in its bike plant’s closure for another week, on Tuesday, blaming a shortage of inventory level.

The company had earlier announced non-production days at the plant from May 23 to June 10.

The shutdown has now been extended till June 16.

The automaker shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.

“Due to a shortage of inventory level, the management of the company has decided to shut down the motorcycle plant from June 12, 2023, to June 16, 2023. However, the automobile plant will remain operative,” the company secretary of PSMC Abdul Nasir stated in the notification.