PROTON’s assembly plant in Pakistan is set to be a gateway for the automaker to accelerate its strategy to enter the South Asia market. The plant is expected to start operations in Karachi next June. Proton Holdings Bhd and its Pakistani partner Al-Haj Automotive exchanged documents for the Licensing and Technical Agreement for the Proton assembly project at a ceremony here. At the event, Proton also signed a document with China Construction Bank to secure a loan amounting to RM1.888bil for research and development, and for future expansion. The joint venture was also publicised during Dr Mahathir’s visit to Islamabad in March when it was announced that about 25,000 units of Proton Saga would be produced annually.

Source: The Star April 26, 2019 21:11 UTC