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Cars, Tires, Textile Factories Have Shut in Crisis-Hit Pakistan

  • Local unit of Suzuki extends plant shutdown to Feb. 21
  • Lack of inventory, FX, slumping demand prompting shutdowns

A bunch of Pakistan’s biggest companies have halted operations in the past months as they ran out of raw materials or foreign exchange, or both, compounding the troubles of an economy that’s trying to avert a debt default.

The local unit of Suzuki Motor Corp. extended the shutdown of its manufacturing plant to Feb. 21, according to a statement to the stock exchange on Friday, saying that parts shortages are persisting.