(MENAFN) According to Pakistan Stock Exchange, Hyundai Motor Company is prepared to step foot into Pakistani auto market next week
In a joint venture called Hyundai Nishat Motor, Hyundai will be constructing an auto plant in the port city of Karachi in partnership with Nishat Mills Limited.
The venture has signed an investment plan with the Pakistani government to accumulate and advertise passenger and commercial vehicles in the country.
The company will be producing one-ton vehicles in the plant which is expected to get tax holiday under the current auto policy of Pakistan.
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