Sino -Pak automobile companies initiates JV for assembling trucks, minivans


ISLAMABAD, Nov 30 (APP):Chinese automobile company initiated Joint Venture (JV) with local automobile manufacturer M/s Foton JW Auto Park (Pvt.) Ltd for assembling of light and medium commercial cargo and dump trucks, minivans.
M/s Foton JW Auto Park (Pvt.) Ltd has entered into contract agreement with M/s Changsha Foton Vehicle (China) Ruba Group with an estimated investment of PKR 1,397 million, said a statement issued by Board of Investment (BOI) here Friday.