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Dollar shortage forces factories to halt production in Pakistan

Pakistan’s tight grip on its dollar holdings may keep its currency stable, but it is also hurting local and foreign companies that are stuck closing and reopening factories as they struggle to access the dollar.

the assembler suzuki vehiclesbloomberg terminal in the country is closing its motorcycle plant for 16 days until mid-August due to lack of inventory. Sitara Peroxide Ltd., a chemical producerbloomberg terminallast month it closed its factory for four weeks, while the maker of toyota carsbloomberg terminal it also closed its plant for two weeks.

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