HCAR gears up to resume production.

Following a lengthy production pause, Honda Atlas Cars said it was planning to restart manufacturing in the upcoming weeks, according to reports in the media on Tuesday.

It should be mentioned that the manufacturer has started working on a resumption plan following an improvement in the supply chain's ability to access trade financing facilities.

The manufacturer of vehicles under the Honda brand has been on a manufacturing hiatus for more than two months due to the nation's economic slump.

Due to Pakistan's small foreign exchange reserves, the government implemented a number of harsh measures, including a ban on letters of credit (LCs) for the import of completely knocked-down (CKD) goods and raw materials for the car industry.

Honda stated in a stock filing on Monday that it is getting ready to resume production in the next weeks with the intention of gradually increasing it thanks to its ongoing efforts and a little improvement in the accessibility of trade finance facilities for the supply chain.

From March 9, Honda announced a halt to its production activity, which it has up to this point maintained. According to the previous warning, the corporation was to suspend operations until May 15; however, the notice from Monday...