00:00 And the announcement of the second largest auto manufacturer of the country, Toyota Indus Motors,
00:04 to close its plant from 25th August to 6th September,
00:08 Shoaib Nizami knows more.
00:10 Shoaib, why will they close the plant?
00:12 This is a very bad news for the auto industry, especially for the auto industry.
00:19 Toyota Indus has closed its plant from 25th August to 6th September.
00:25 The reason for this is that the country has high taxes and duties,
00:30 and the dollar exchange rate is increasing,
00:33 so the import and raw material are becoming expensive,
00:35 and the price of cars is increasing,
00:36 and people are not buying cars because of the high prices.
00:39 That's why the cars are not being sold,
00:41 and that's why the plant has been closed.
00:44 Thank you for updating us, Shoaib Nizami.
00:47 [BLANK_AUDIO]
