KARACHI: Famend Malaysian automotive manufacturing firm Proton has introduced to ascertain a manufacturing facility in Pakistan, Malaysian Excessive Commissioner Ikram Mohammad Ibrahim mentioned on Thursday.
This could be the corporate’s first meeting plant arrange in any South Asian nation.
Ibrahim added that the announcement will likely be made formally by Malaysian Prime Minister Mahathir Mohammad throughout his go to to Pakistan.
The settlement between Pakistan and Malaysia will likely be signed on Saturday, he mentioned.
The Excessive Commissioner additional went on to say that the automotive plant will likely be established in Karachi, often known as the financial hub of Pakistan.
The Malaysian-based company, Proton was established in 1983 and has up to now bought three million automobiles.
Proton automobiles are bought in additional than 25 nations together with Britain, Singapore and Australia.