Material Information of Ghandhara Tyre and Rubber Company of Pakistan Limited.

Karachi -- Ghandhara Tyre and Rubber Company of Pakistan Limited informed Pakistan Stock Exchange that Due to the Prevailing economic condition in the country and its impact on the ability of the banks to open LCs for import of raw materials has severely disrupted the company's supply chain and as a result, it is unable to continue with the production activities Therefore, The Company has decided to temporarily shut down / close its production activities on the account of non-production days from march 24, 2023 to April 03, 2023. The production activities of the company would resume from April 04, 2023.

The announcement is available at:

https://dps.psx.com.pk/download/document/204410.pdf

"Ghandhara Tyre and Rubber Company of Pakistan Limited formerly known as ""The General Tyre and Rubber Company of Pakistan Limited"" (GTR) came into existence in 1963, at Karachi and commenced its production in 1964. The Company was then established by General Tire International Corporation (GTIC) of USA. The Company...

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