KARACHI: Renowned Malaysian car manufacturing company Proton has announced to set up 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 shall be made formally by Malaysian Prime Minister Mahathir Mohammad during his visit to Pakistan.
The agreement between Pakistan and Malaysia shall be signed on Saturday, he said.
The High Commissioner further went on to say that the car plant shall be set uped in Karachi, also known as the economic hub of Pakistan.
The Malaysian-based corporation, Proton was set uped in 1983 and has so far sold 3 million cars.
Proton cars are sold in more than 25 countries including Britain, Singapore and Australia.TheIndianSubcontinent has not verified the content of the source.
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