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Business & Finance

Pak Suzuki shuts down plant, incurring ‘billions’ in losses due to govt restrictions

  • EDB says restrictions come due to company's 'non-compliance' with safety regulations
Published August 8, 2024

Pak Suzuki Motor Co. Ltd on Thursday said it has shut down its plant due to the government’s refusal to release its CKD (Completely Knocked Down) kits from the port, resulting in billions of rupees in detention and demurrage charges.

Pak Suzuki’s Head of Corporate Affairs Shafiq Ahmed Shaikh said CKD kits have been lying at the port for 45 days, disrupting production.

“The government is also not receiving any taxes and duties due to no production and sales,” Shaikh stated.

25% sales tax: Pak Suzuki increases price of Swift GLX CVT in Pakistan by Rs304,000

“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.”

However, an official at the Engineering Development Board (EDB) told Business Recorder that the issue arose as Pak Suzuki is currently “non-compliant with known safety regulations”.

Comments

Comments are closed.

Az_Iz Aug 08, 2024 08:00pm
So what about exports?
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Shahab Aug 08, 2024 08:48pm
good work keep it up!!!!!!
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zh Aug 08, 2024 09:45pm
what else can one expect from incompetent and mindless government?
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Bitter truth Aug 08, 2024 11:31pm
Waiting for its shutdown forever, one of the worst quality and most expensive automaker.
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Sagar Baloch Aug 09, 2024 01:38am
RIP.
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Maha Aug 09, 2024 02:28am
WHAT DRAMA IS THIS? OF SUZUKI COMPANY AND GOVT. SUZUKI COMPANY AND OTHER COMPANIS WOULD WINDUP THEIR PLANT N COMPANY N GO BACK TO THEIR HOMES. PAKISTAN NOW DONT NEED ANY GARI WARI.
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Naseer ul Islam Abbasi Aug 09, 2024 05:38am
Good. The mafia should leave this country. Looting Pakistanis since long.
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Hikmat Aug 09, 2024 03:07pm
The most unsafe and low Quality cars are produced in pakistan, They must update the safety of there care before allowing them to operate
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Ar Danish Aug 09, 2024 04:58pm
Good they must follow safety regulations Atleat every car muct have ABS COLLISION SENSOR AIR CONDITIONING ETC
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Fayaz Aug 09, 2024 05:07pm
I think don't need car only the money lost especially dollar
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FAZ Aug 10, 2024 03:54am
Can't trust both parties. Both of them are liers!
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Touch wood Aug 10, 2024 10:23am
Govt itself is most compliant on all rules and regulations in Pakistan
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Raja Abrar Aug 10, 2024 11:53am
This skewed company should in fact be banned. It has been producing same Wagon R for last 20 years with constant increase in price. Tyrian White's brother might continue their affection for Suzuki
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Raja Abrar Aug 10, 2024 11:54am
@zh, you are the real bro of Tyrian White. Hope not related to Gandapuri
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Malik Saeed Aug 10, 2024 03:04pm
We are paying price more than the Japan models and getting worst ever quality produced by local dealers of these brands.
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Wajahat Aug 10, 2024 03:12pm
This is how Suzuki intends to export locally assembled vehicles.
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Abdullah Aug 10, 2024 09:30pm
With chinese cars entering the market.there is not much suzuki,toyota and honda can do.
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Ali Aug 11, 2024 07:26am
Lowest quality cars . No features in these cars. they should Make cars here not import and assembly only . All the impoters of cars should be kicked out of the country . These impoters should close
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