The Indus Motor Company Limited, the assembler and seller of Toyota and Daihatsu vehicles in Pakistan, has said that it is shutting down its plant for two weeks due to inventory shortages.
In a notice filed to the Pakistan Stock Exchange (PSX) on Tuesday, the company said that recent changes by the government in import rules have adversely affected its business, disrupting its supply chain and resulting in insufficient inventory levels to be able to continue production.
“In light of the recently introduced mechanism vide EPD Circular No. 20 of 2022 dated December 27, 2022, (effective from 2nd January, 2023).
