Indus Motor decided to close its factory operation from Dec 20 to Dec 30
State Bank of Pakistan has introduced a mechanism, via EPD Circular No. 09 of 2022 dated May 20, 2022, for obtaining prior approval for import of CKD Kits and components
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The delay in aforesaid approvals for the company and its vendors, has created hurdles in import and clearance of consignments for raw materials and components of the company.
This has resulted in insufficient inventory levels and consequently, have created an adverse impact on the supply chain and production activities.
The company unable to continue plant production