Pak Suzuki

Will purchase stock from general public at Rs609 per share

Cites shortage of inventory for suspension of production

Attributes decision to shortage of inventory

Attributes closure to shortage of inventory, drop in sales

Government in recent weeks has attempted to curb imports in the face of fast depleting foreign reserves

Came in at 21,751 units due to high base effect in July, chip shortage

Low demand, impact of Covid-19 cause losses

Plans expansion on hopes country’s economic situation will improve

Price hike to make up for falling revenue; Pak Suzuki also raises bike prices

High-end vehicle model will cost Rs5.55 million from Oct 1