Karachi: Ghandhara Automobiles Limited formerly called Ghandhara Nissan Limited announced to extend shutdown of its production plant. Automaker shared development in its notice to Pakistan Stock Exchange (PSX). “As notified vide our letter April 7, 2023 regarding upgradation activities in paint shop, management of company has decided to extend shutdown period of plant until further notice,” read statement. Earlier, company announced complete shutdown of its plant from April 10 to May 1, 2023 “Due to extensive upgradation activities in paint shop”. Back in March, company said that it would resume production on an alternative weekly basis until further notice, citing inventory shortage.

“Company and its vendors continue to face major hurdles in import of raw materials and receiving clearance of their consignments from commercial banks.”

Published in The Daily National Courier, May, 05 2023

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