Pakistan Autos Q1 2019
We believe that the continued boom in Pakistan's construction industry will keep the demand for commercialvehicles expanding over the medium term, before slowing in the longer term as the growth in the construction industry coolsdown. China's B&R initiative aims to create trade and transport corridors between China and Europe via Central Asia, South East Asia,South Asia, the Middle East and East Africa. Given that a key section of the trade and transport corridor will flow through Pakistanand that it will require substantial infrastructure development, we expect high growth in Pakistan's construction industry.
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