ANL 34.00 Increased By ▲ 0.90 (2.72%)
ASC 14.90 Increased By ▲ 0.55 (3.83%)
ASL 25.10 Increased By ▲ 0.62 (2.53%)
AVN 92.20 Decreased By ▼ -0.30 (-0.32%)
BOP 9.14 Increased By ▲ 0.08 (0.88%)
BYCO 9.85 Increased By ▲ 0.15 (1.55%)
DGKC 134.70 Increased By ▲ 2.51 (1.9%)
EPCL 50.62 Increased By ▲ 0.52 (1.04%)
FCCL 24.63 Increased By ▲ 0.33 (1.36%)
FFBL 25.86 Increased By ▲ 1.46 (5.98%)
FFL 15.49 Increased By ▲ 0.47 (3.13%)
HASCOL 10.56 No Change ▼ 0.00 (0%)
HUBC 86.33 Increased By ▲ 1.23 (1.45%)
HUMNL 7.02 Increased By ▲ 0.27 (4%)
JSCL 25.65 Increased By ▲ 0.40 (1.58%)
KAPCO 41.55 Increased By ▲ 2.80 (7.23%)
KEL 4.02 Increased By ▲ 0.04 (1.01%)
LOTCHEM 14.45 Increased By ▲ 0.02 (0.14%)
MLCF 46.42 Increased By ▲ 0.54 (1.18%)
PAEL 37.25 Increased By ▲ 0.55 (1.5%)
PIBTL 11.70 Increased By ▲ 0.27 (2.36%)
POWER 10.25 Increased By ▲ 0.10 (0.99%)
PPL 90.90 Increased By ▲ 1.20 (1.34%)
PRL 26.86 Increased By ▲ 0.61 (2.32%)
PTC 8.71 Increased By ▲ 0.11 (1.28%)
SILK 1.35 No Change ▼ 0.00 (0%)
SNGP 42.71 Increased By ▲ 1.31 (3.16%)
TRG 146.10 Increased By ▲ 3.00 (2.1%)
UNITY 30.20 Increased By ▲ 0.41 (1.38%)
WTL 1.41 Decreased By ▼ -0.01 (-0.7%)
BR100 4,965 Increased By ▲ 76.98 (1.57%)
BR30 25,754 Increased By ▲ 477.72 (1.89%)
KSE100 45,837 Increased By ▲ 558.82 (1.23%)
KSE30 19,174 Increased By ▲ 275.54 (1.46%)
Pakistan

Malaysian automaker to start production in Pakistan by first half of 2021

The plant in Karachi, would be Proton’s first production facility in the South Asian region. PIA will be addin
06 Feb 2020
  • The plant in Karachi, would be Proton’s first production facility in the South Asian region.
  • PIA will be adding a new direct flight destination soon from Lahore to Kuala Lumpur in order to cater for the increasing number of Pakistani travellers to Malaysia.

Malaysian auto giant Proton, would open its production facility in Pakistan in the first half of 2021, in Pakistan’s economic hub Karachi. Whereas, Pakistan’s national carrier PIA will be adding a new direct flight destination soon from Lahore to Kuala Lumpur.

“Both leaders recalled the symbolic ground breaking of the Proton Assembly Plant jointly officiated in Islamabad on 22 March 2019, and were pleased to note the progress made at the facility in Karachi, scheduled for completion in the first half of 2021. They were further pleased with the joint venture between Malaysia’s Proton Holdings and Pakistan’s Al-Haj Automotive that add value with the commencement of selling Malaysian-made Proton vehicles (CBU) in Pakistan in the second half of 2020, and eventually, assembly and sale of Pakistan-made Proton vehicles (CKD) in Pakistan in the first half of 2021,” said FO in a statement.

The plant in Karachi, would be Proton’s first production facility in the South Asian region.

Last year, the Malaysian government handed over a Proton X70 car to government of Pakistan as a gift to Prime Minister Imran Khan from his Malaysian counterpart Dr Mahathir Mohamad.

Prime Minister of Malaysia Dr Mahathir Mohamad during his visit to Pakistan in March this year had announced gifting of a unit of the Proton X70 to Prime Minister Imran Khan.

Apart from investment in auto sector, both Malaysia and Pakistan agreed for an institutional collaboration in the area of halal food and services, and consumer products, including by leveraging on their comparative advantages with a view to increase their global market share in this area.

Both countries will explore new possible areas of cooperation in trade and investment, such as renewable energy, natural resources, aerospace and aeronautical, digital technology, artificial intelligence and e-commerce.

Meanwhile, in addition to its existing direct ISB/KUL/ISB sector, Pakistan International Airlines (PIA) will be adding a new direct flight destination soon from Lahore to Kuala Lumpur in order to cater for the increasing number of Pakistani travellers to Malaysia.

Whereas, Malaysia Airlines will give due consideration to enter into a code-sharing arrangement for the existing ISB/KUL/ISB sector operated by PIA, as proposed by the latter.