ISLAMABAD: In a major step toward sustainable transportation, Pakistan has signed an agreement with the International Finance Corporation (IFC) to promote the adoption of electric vehicles (EVs), particularly electric two- and three-wheelers (e-2/3Ws), in the country.
The agreement was signed by the Ministry of Industries and Production, with the support of the Special Investment Facilitation Council (SIFC), to reduce fuel dependency and combat rising pollution levels.
Under this strategic partnership, the IFC will provide technical implementation support and work closely with key regulatory bodies such as the Engineering Development Board (EDB), the National Energy Efficiency and Conservation Authority (NEECA), and the Pakistan Standards and Quality Control Authority (PSQCA).
The goal is to build institutional capacity and streamline the development of the EV market in Pakistan.
The signing ceremony was attended by senior government officials, industry experts, development partners, and policymakers.
Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production, underscored the government’s commitment to green mobility.
“A conducive policy and regulatory framework will encourage local manufacturing and support the large-scale adoption of electric two- and three-wheelers,” he said, calling for “concerted national action” to accelerate the EV transition.
The agreement is seen as a significant move toward meeting Pakistan’s environmental goals, boosting the local EV industry, and aligning with global climate commitments.
