French carmaker Renault to open plant in Pakistan by 2018: Govt

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news56sf6sf56f5s6French carmaker Renault is set to break into Pakistan’s rapidly growing car market with a manufacturing plant to open there by 2018, the government announced Thursday.
Pakistan’s car market has for decades been dominated by Japan’s Suzuki, Toyota and Honda who have been accused of colluding to fix prices for lower-quality versions of their models.
“Renault has decided to invest in Pakistan. They will start assembling cars in Pakistan by 2018,” the country’s Board of Investment said in a statement.

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