Two of Pakistan’s biggest automakers, Pak Suzuki and Honda, have once again announced the suspension of their production activities. The choice was made as a result of the ongoing global shortage of semiconductors, which has had a negative impact on the supply chain for automakers all over the world.
The initial plant shutdown for Honda Atlas began on March 8 and was scheduled to last until March 31. The automaker later decided to extend the closure until April 30. It is the longest stoppage in the history of the company.
Separately, Pak Suzuki also disclosed in a notice that it was extending the closure of its motorcycle plant until April 28 due to a lack of inventory.
Since March 20, the company has observed non-production days for the two-wheelers. Additionally, it had disclosed that due to low inventory levels, production at its auto plant would stop on April 7 and 14.
The country still lacks the crucial amount 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 is currently on hand, barely enough to cover a month’s worth of essential imports.
