Business
Pak Suzuki shuts plant after EDB imposes restrictions
According to a company official, CKD kits have been lying at the port for 45 days
Karachi: Pak Suzuki Motor Co Ltd on Thursday announced the shutdown of its plant owing to the government’s refusal to release its CKD (Completely Knocked Down) kits from the port.
The company claims it has suffered losses in billions of rupees in detention and demurrage charges.
According to a company official, CKD kits have been lying at the port for 45 days, disrupting production and the government is also not receiving any taxes and duties due to no production and sales.
“The industry has requested the government to follow the auto policy 2021-26, otherwise, new investors will not come and existing ones will also face a critical situation.”
According to an Engineering Development Board (EDB) official, the issue developed as Pak Suzuki is currently “non-compliant with known safety regulations”.