Pak Suzuki Motor Company Ltd has confirmed the closure of its motorcycle and four-wheeler manufacturing plants from June 22 to July 8 due to component shortages. A statement attributed the production halt to a shortage of parts and accessories. This scarcity results from a policy implemented by the State Bank of Pakistan (SBP) in May 2022, requiring prior approval to import completely knocked-down kits. This has negatively impacted the clearance of consignments and inventory levels. The four-wheeler plant had been shut down for over 75 days from August 2022 to June 19, 2023. In May 2023, the company sold 2,958 vehicles, an increase from the 1,474 units sold in April 2023. However, year-on-year sales witnessed a significant 54% drop to 62,354 units in the first 11 months of the fiscal year 2023, compared to 134,270 units during the same period in the previous fiscal year.