The Pak Suzuki Motor Company Limited (PSMC) reported its highest-ever loss after tax for the calendar year (CY) that ended on December 31st, 2022, at Rs. 6.33 billion.
The business reported a profit of Rs. 2.67 billion over the same time frame the previous year. According to estimates, the Rs. 3.19 billion in taxing in CY22, which is 186 percent more than the Rs. 1.11 billion in taxes paid in CY21, is mostly responsible for the losses.