A senior HACP
executive said, "Our inventories from the last month and the first 10 days of July have grown rapidly because of steep increase in car prices after currency devaluation as well as imposition of Advance Customs Duty (ACD) on all our imports and Federal Excise Duty (FED) on assembled cars, leaving us with no option but to shut down the plant to cut production.
and IMC executives said their decision to scale down production was triggered by extremely lacklustre sales in the first 10 days of the month.
has kept its plant closed for 12 days during July as inventories piled up amid faltering sales.
The objectives of researchers at California State University were to determine the HACP
of Cascade hops throughout their storage and to evaluate how HACP
changed with respect to the brewing process.
With strong new leadership from Pittsburgh Mayor Tom Murphy and HACP
executive director Stanley Lowe, an aggressive turnaround plan, and significant involvement from resident leaders, HACP
is now positioned to capture significant performance improvements both in achieving a higher quality of life and by reducing total costs.
Vendors said PSMC had the advantage of making low-priced cars on which the federal excise duty (FED) imposed in budget 2019-20 is also low compared to high end models being produced by Indus Motor Company and Honda Atlas Cars Pakistan (HACP
) where the impact of FED is higher.
After the decision of Honda Atlas Cars Pakistan (HACP
) to shut down its plant for 10 days, Indus Motor Company (IMC), which produces Toyota models in Pakistan, has also decided to stop car production for eight days, two days every week, in July, a private media housereported.
LAHORE -- Honda Atlas Cars Pakistan (HACP
) shut down its plant for 10 days on Friday as its inventories piled up to 2,000 units on plummeting car sales amid rising prices due to imposition of new, higher taxes in the budget and steep currency devaluation in the recent weeks.
KARACHI -- The management of Honda Atlas Cars Pakistan (HACP
) has deferred the introduction of a new locally-assembled car owing to the country's uncertain economic condition.
However, an official of HACP
- seeking anonymity - said dropping Brio is not related to economic reasons.