After an almost month-long hiatus, Pak Suzuki Motor Company (PSMC) has resumed car production.
According to a recent Autojournal.pk post, the business began local automobile assembly on July 21. The business has also received completely knocked-down (CKD) assembly kits for the next three months, according to the article.
The facility was first shut down from 22 June to 8 July. However, PSMC stated on June 27 that the closure will be prolonged until July 15.
Due to a continuing scarcity of parts, the firm opted to extend the outage until July 19th.
With this substantial stock upgrade, the firm anticipates a huge increase in sales. Although market conjecture suggests that demand for new economy automobiles has declined due to the general public’s decreasing purchasing capacity as a result of inflation.
The government is progressively reducing import restrictions for manufacturers, and banks are beginning to issue letters of credit (LCs) to automakers. However, due to local currency volatility and economic uncertainty, the sector’s stability remains dubious.