Two of Pakistan's biggest automakers, Pak Suzuki and Honda, have once again declared the halt of their production activity. The choice was made as a result of the ongoing global shortage of semiconductors, which has had a negative influence on the supply chain for automakers all around the world.
The initial plant shutdown for Honda Atlas began on March 8 and was scheduled to last until March 31. The company later extended the closure to April 15, though. It is the longest stoppage in the history of the company.
Separately, Pak Suzuki also disclosed in a notification that it was prolonging the closure of its motorbike plant until April 28 due to a lack of inventory.
Since March 20, the corporation has observed non-production days for the two-wheelers. Additionally, it had disclosed that due to low inventory levels, manufacturing at its vehicle facility would stop on April 7 and 14.
The country still lacks the crucial quantity of money needed to meet its obligations for imports and other external payments. Little more than $4.03 billion worth of the central bank's foreign exchange reserves are currently on hand, hardly enough to fund a month's worth of essential imports.
Comments
0 comment