Islamabad, May 6 (IANS) Pakistani authorities have signed a MoU with Germany-based auto giant Daimler AG for the production of Mercedes-Benz trucks in the country, the media reported.
According to the Memorandum of Understanding, the local assembly of these trucks will mark a major shift in the domestic logistics and transportation industry towards the European manufacturers, reports Dawn news.
Ralf Forcher, Head of Sales for Daimler AG, said: "Pakistan's infrastructure and construction sectors have regis-tered significant growth in recent years, having a direct effect on the logistics industry as it gives rise to an increased demand for commercial vehicles."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)