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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.