Honda Motors has announced to stop operations in Pakistan from April 1 to 15.

KARACHI: Honda Motors has announced to stop operations in Pakistan from April 1 to April 15.

According to the details, Honda Car Company has written a letter to Pakistan Stock Exchange while closing the operations, in which Honda Company said that the decision to close the operations has been taken due to the government not opening LCs.

According to the text of the letter, due to non-availability of dollars, LCs are being banned from opening and production is being stopped due to shortage of raw materials, due to which the supply chain is severely affected.

It should be noted that Honda Motors closed company operations from March 9 to March 31.