South Korea’s Kia to start assembling cars in Pakistan: local partner


ISLAMABAD: South Korean carmaker Kia Motor Co (000270. KS) will begin assembling cars in Pakistan, inning accordance with a regional partner that is preparing to invest 12 billion rupees ($ 115 million) to set up a plant and manufacture the Kia cars.

Karachi-listed Lucky Cement (LUKC.KA), which belongs to the huge corporation Yunus Brothers Group, stated in a declaration on Thursday it prepared to set up a brand-new business to start “manufacturing, putting together” Kia vehicles.

It was not clear what does it cost? capital Kia itself would invest in the Pakistani endeavor. Re …
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