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Planning Minister Ahsan Iqbal has urged a rapid, phased shift of Pakistan's road transport to electric power, warning that 80 per cent of national petrol consumption is driven by vehicles. The government has already introduced an Rs. 80,000 subsidy for electric motorcycles and cut import duties on EVs in the latest federal budget.
StarCharge Energy Pakistan, a Chinese EV charging firm, and Bahum Global Pakistan have signed an MoU to jointly develop electric vehicle charging infrastructure across the country. Financial terms and deployment timelines were not disclosed, but the deal highlights growing foreign interest in Pakistan's nascent EV market.
K-Electric led Pakistan Stock Exchange trading on Wednesday with 83.4 million shares as the KSE-100 gained 1,878 points to close at 179,571, ending a three-session losing streak. The Finance Bill 2026-27's amended electric vehicle duty structure and growing expectations of an SBP interest rate cut on 27 July 2026 drove broad buying interest across the market.
Pakistan has briefed cabinet on a plan to electrify 30% of the country's vehicle fleet within five years — a transition the Power Division values at USD 4.5 billion in annual petroleum-import savings, with 72 e-bike certificates and 123 charging-station applications already in the pipeline.
Millat Tractors has signed an MoU with a Chinese e-bike manufacturer for local assembly and manufacturing — giving Pakistan's EV Policy 2025-30 its first credible heavy-industry anchor on the two-wheeler side.
Rawalpindi dealers report e-bike sales up 140% YoY as soaring petrol prices flip the ownership economics — early signal that Pakistan's dominant two-wheeler segment is starting to electrify.