Malaysia's Proton to set up car factory in Karachi
The High Commissioner further went on to say that the car plant will be established in Karachi, also known as the economic hub of Pakistan.
Highlights
- Malaysian car manufacturing company Proton has announced to establish a factory in Pakistan
- This would be the company's first assembly plant set up in any South Asian country
- The car plant will be established in Karachi, also known as the economic hub of Pakistan
- Proton was established in 1983 and has so far sold 3 million cars
KARACHI: Renowned Malaysian car manufacturing company Proton has announced to establish a factory in Pakistan, Malaysian High Commissioner Ikram Mohammad Ibrahim said on Thursday.
This would be the company's first assembly plant set up in any South Asian country.
Ibrahim added that the announcement will be made formally by Malaysian Prime Minister Mahathir Mohammad during his visit to Pakistan.
The agreement between Pakistan and Malaysia will be signed on Saturday, he said.
The High Commissioner further went on to say that the car plant will be established in Karachi, also known as the economic hub of Pakistan.
The Malaysian-based corporation, Proton was established in 1983 and has so far sold 3 million cars.
Proton cars are sold in more than 25 countries including Britain, Singapore and Australia.
-
Cheaper cars, fewer EVs: Trump administration shifts ‘auto policy’ focus -
European leaders slam Trump’s tariff threat over Greenland as ‘unacceptable’ -
Nova Scotia snow storm warning issued as heavy snow moves in -
Trump warns of new tariffs for countries opposed to Greenland takeover -
Global cooperation on deathwatch: UN chief warns of ‘powerful forces’ in play -
Insurrection Act in Minneapolis? Trump says 'not right now' -
Historic UN biodiversity treaty takes effect today, aiming to protect 30% of high seas by 2030 -
King Salman leaves hospital after 'reassuring' medical tests