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Hyundai Nishat was founded in 2017 as a joint venture between Nishat Group, Sojitz, and Millat Tractors.Previously, Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt.
The Faisalabad clock tower and its eight bazaars (markets) are still a major trading zone in the city today. [20] Each of the eight bazaars has a special name and is known for selling certain goods; [21] Katchery Bazaar, named for the court (Katchery) is known for its mobile phone and accessory market. Rail Bazar is a gold and cloth market.
Faisalabad (/ f ɑː ɪ s ɑː l ˌ b ɑː d /; Punjabi, Urdu: فیصل آباد, Punjabi pronunciation: [fɛːsə̆ləˌbäːd]; Urdu pronunciation: [fɛːsˈlɑˌbɑːd] ⓘ), formerly known as Lyallpur (Punjabi, Urdu: لائل پور), is the 3rd largest city of Pakistan after Karachi and Lahore respectively.
It was founded in 2017 for the purpose of assembling and distributing automobiles from the South Korean automobile manufacturer Kia in Pakistan. [2] Originally incorporated as Kia Lucky Motors Pakistan, the company changed its name to Lucky Motor Corporation Limited [3] in 2020.
Faisalabad District (Lyallpur District until 1979) [4] (Punjabi and Urdu: ضلع فیصل آباد) is one of the districts of Punjab province, Pakistan. According to the 2023 census of Pakistan it had a population of 9,075,819, of which 3,691,999 were in Faisalabad City. It is the third largest city of Pakistan after Karachi and Lahore. [5]
Faisalabad City is a Tehsil of Faisalabad District, Punjab, Pakistan. The population is 1,465,411 according to the 2017 Census of Pakistan. [1] References
The approval for the Multan-Sukkur Motorway (M-5) was granted in July 2014, [6] with an estimated cost of Rs. 200 billion (equivalent to US$2.5 billion in 2023). [7] In May 2016, the Pakistani government awarded the contract to build this section to China State Construction Engineering, [3] with the completion date being August 2019. [3]
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