Hi everyone! Toyota Shuts Down Production Plant in Pakistan Again. There are a number of reasons why the cars production plants are not open these days. Indus Motor Company has announced that they will shut down the production plant of cars again in Pakistan. The production plant will close from September 28 to October 9. They have mentioned the reasons that they don’t have enough car parts.
For the last year, Pakistan has been facing economic issues and there has been a disturbance in the import o
f international products. Pakistan has no factory that makes car products. The government has announced some of the rules for the car production plant owners and it makes it more difficult for them to buy new car parts from other countries. As they have to pay heavy taxes. They are unable to get the letters of credit that they need when they have to buy things from the international market. The prices of the products also increase.
All the above reasons many people are unable to buy cars in Pakistan. In the month of August, Car sales in Pakistan were 36% lower as compared to the year before. The profit of Indus Motors at the end of the year 2023 is also going down by 39% as compared to the last year.
So that’s all about Toyota Shuts Down Production Plant in Pakistan Again. Read the article and find out the circumstances of the car production plants in Pakistan.