Karachi: In pursuance to Regulation 16(1) and Regulation 35 (XXIII) of The Listing Regulations of The Karachi Stock Exchange (Guarantee) Limited, we hereby advise you the following.
Pak Suzuki Motor Company Limited (PSMC) and The Bank of Punjab, have signed an agreement as on August 29, 2011 for the launch of Government of Punjab’s ‘Self Employment Scheme for Educated Unemployed Youth’. This scheme will be called ‘Yellow Cab Scheme’. Under this agreement Pak Suzuki will sell 20,000 units of Suzuki Mehran and Bolan as yellow cab over the period of eight months starting September 2011. The payments will be received in advance.
The Company is optimistic that this agreement will contribute towards the profitability of the Company.
For more information, contact:
Abdul Hamid Bhombal
Pak Suzuki Motor Company Limited
DSU-13, Pakistan steel Industrial Estes
Bin Qasim, Karachi – 75000
Tel: 92-21 34723551-58
Fax: 92-21 34723521-23