KARACHI: Indus Motor Company Limited (IMC) has announced temporary shutdown of its product plant due to import hurdles and delay in clearance of consignments.
The automaker has announced the closure for six days started from today (June 3) to June 8, 2023 as it has set a letter to the Pakistan Stock Exchange in this regard.
The IMC in a letter to the PSX said: “The company and its vendors continue to face hurdles on import raw materials and receiving clearance of their consignments, on account of challenges in the opening of LCs [letter of credit] and supply issues by certain foreign vendors."
"This has disrupted the supply chain of the company and the vendors are unable to supply raw materials and components to the company," the letter stated.
It said the company was unable to continue the production due to insufficient inventory levels.
The decision comes a day after the IMC officials called on Prime Minister Shehbaz Sharif. Last time, the IMC shut down its production plant for a few days in the previous month.
Indus Motors, Pak Suzuki Motors, and Honda have also faced several days of shutdown in recent months due to import curbs imposed by the government due to shortage of dollars.
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on October 1, 2023 (Sunday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 286.05 | 289.15 |
Euro | EUR | 307 | 310 |
UK Pound Sterling | GBP | 353.3 | 357 |
U.A.E Dirham | AED | 80 | 80.8 |
Saudi Riyal | SAR | 76 | 76.75 |
Australian Dollar | AUD | 189 | 191 |
Bahrain Dinar | BHD | 778.84 | 786.84 |
Canadian Dollar | CAD | 220 | 222.2 |
China Yuan | CNY | 40.24 | 40.64 |
Danish Krone | DKK | 41.83 | 42.23 |
Hong Kong Dollar | HKD | 37.93 | 38.28 |
Indian Rupee | INR | 3.57 | 3.68 |
Japanese Yen | JPY | 1.63 | 1.71 |
Kuwaiti Dinar | KWD | 945.27 | 954.27 |
Malaysian Ringgit | MYR | 62.62 | 63.22 |
New Zealand Dollar | NZD | 174.58 | 176.58 |
Norwegians Krone | NOK | 27.87 | 28.17 |
Omani Riyal | OMR | 762.31 | 770.31 |
Qatari Riyal | QAR | 80.69 | 81.39 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.62 | 26.92 |
Swiss Franc | CHF | 323.01 | 325.51 |
Thai Bhat | THB | 8.12 | 8.27 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,800 on Sunday.
The price of 10 grams of 24k gold was recorded at Rs 173,870.
Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 202,800 | PKR 2,420 |
Karachi | PKR 202,800 | PKR 2,420 |
Islamabad | PKR 202,800 | PKR 2,420 |
Peshawar | PKR 202,800 | PKR 2,420 |
Quetta | PKR 202,800 | PKR 2,420 |
Sialkot | PKR 202,800 | PKR 2,420 |
Attock | PKR 202,800 | PKR 2,420 |
Gujranwala | PKR 202,800 | PKR 2,420 |
Jehlum | PKR 202,800 | PKR 2,420 |
Multan | PKR 202,800 | PKR 2,420 |
Bahawalpur | PKR 202,800 | PKR 2,420 |
Gujrat | PKR 202,800 | PKR 2,420 |
Nawabshah | PKR 202,800 | PKR 2,420 |
Chakwal | PKR 202,800 | PKR 2,420 |
Hyderabad | PKR 202,800 | PKR 2,420 |
Nowshehra | PKR 202,800 | PKR 2,420 |
Sargodha | PKR 202,800 | PKR 2,420 |
Faisalabad | PKR 202,800 | PKR 2,420 |
Mirpur | PKR 202,800 | PKR 2,420 |
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