Malaysia's Proton to set up car factory in Karachi

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. 

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