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Honda Atlas extends plant shutdown till May

April, 28(E. A Report) — Honda Atlas Cars Pakistan announced further extending plant shutdown till May 15, 2023.In its notice issued here Friday company says, “further to our letter dated April 13, 2023, and considering the current economic situation of Pakistan whereby the government resorted to stringent measures including restricting opening of LCs for import of CKD kits, raw materials and halting foreign payments, the company’s supply chain has also been severely disrupted by such measures”.“As a result, the company is not in a position to continue with its production and ultimately has continued to shut down its plant from May 1, 2023 to May 15, 2023.”Company has been observing a plant shutdown since March 9, 2023.It plann...

April 28, 2023 at 7:22 pm | Economic Affairs