Malaysian carmaker Proton announces joint venture to build new assembly plant in Pakistan

Proton, Malaysia’s national carmaker, is set to build an assembly plant near Karachi in Pakistan with local partner Alhaj Automotive, in a move that economists believe will bring positives for both nations.The carmaker, which was struggling before Chinese company Geely bought a 49.9 per cent stake in 2017, recently launched a premium SUV believed to be signalling its recovery. Now, its regional ambitions are coming to fruition sooner than expected, even as Geely’s sales within China stutter…