Malaysia has announced to set up a car manufacturing unit in Pakistan, this announcement was made on Friday. On the same day, the Malaysian Prime Minister Mahathir Mohammad gifted a proton car to the Prime Minister of Pakistan—Imran Khan.
The manufacturing of the proton cars would be starting from June next year. PM Malaysia as a gift presented the proton car to PM Imran on this event.
It will be a combined project between the Malaysian carmaker and their local partner Alhaj Automotive. Also, it would be the first assembly plant of the company to be established in any south Asian country.
For this joint venture, Pakistani and Malaysian companies signed 6 Memorandum of understandings (MoUs) in Information Technology (IT), Telecommunication and car manufacturing.
Proton, the Malaysian corporation was set up in the year 1983 which has until now sold 3 million cars. Apart from Britain, Singapore, and Australia, these cars are sold in 25 other nations as well.
PM Mahathir Mohammad came on a 3-day official visit to Pakistan on Thursday and was given a red-carpet welcome.
The PM Malaysia has come to Pakistan especially on the invitation of the PM Khan. He was invited to come to Pakistan and be the chief guest on the Pakistan Day Parade.
Mahathir Mohammad came to Pakistan with many leading businessmen and a high-level delegation.