World's leading manufacturer of electric vehicles ready to enter Pakistan

A BYD Pro car is introduced to visitors at the Shanghai Auto Show in Shanghai on April 17, 2019. (AFP/File)
Updated 28 November 2019
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World's leading manufacturer of electric vehicles ready to enter Pakistan

  • Government will soon announce an incentive package for electric vehicles manufacturers, informs PM’s adviser
  • Pakistan hopes to save about $2 billion annually in oil import bill by introducing these vehicles

KARACHI: BYD Auto, the world’s largest electric vehicles (EV) manufacturer with a global turnover of $250 billion, is ready to enter Pakistan, said local manufacturers of electric vehicles components during a news conference in Karachi on Thursday.
“After the approval of the electric vehicle policy, new EV players are waiting for the government to issue Statutory Regulatory Orders (SROs) so that the process of introducing these vehicles could begin in the country. BYD’s entry in the local market would change the entire transportation to EV,” Shaukat Qureshi, General Secretary of Pakistan Electric Vehicles and Parts Manufacturers and Traders Association (PEVMA), said while interacting with the media.
Prime Minister’s Advisor on Climate Change Malik Amin Aslam, who also attended the session, assured the manufacturers that the government would soon release the SRO to “revolutionize” the transportation industry in the country.
“On Saturday we will be meeting with the prime minister and get his approval for an incentive package for the EV policy that will soon be implemented. We are expediting the process so that you can start setting up industries that will be the future of Pakistan,” Aslam said.




Prime Minister’s Advisor on Climate Change Malik Amin Aslam addresses a media briefing on electric vehicles and their benefits in Karachi on Nov. 28, 2019. (AN Photo)

Pakistan announced the first Electric Vehicle Policy 2019 earlier this month, hoping to convert 30 percent of vehicles on electricity by 2030 as an answer to its climate change problems.
“The country is facing challenges related to climate change and electric vehicles will be an effective weapon, especially in places like Lahore where the problem of smog is posing a major environmental threat,” the adviser said. “The conversion to EV would save the country around $2 billion annually in oil import bill, apart from providing cheap transportation means.”
Briefing the media, PEVMA Vice Chairman Mohammad Ayaz said: “It was decided to set up a body that could guide the relevant ministry and authorities to implement the EV policy in its true letter and spirit by finding ways to induct these vehicles in the transportation system of the country.”
“The common man will immensely benefit from the advantages of electric vehicles since these automobiles will help them save significant amounts of money that is currently spent on fuel and maintenance alone,” he added.
Pakistani manufacturers say their Chinese partners are willing to make the country a springboard to export EVs to the Middle East, Central Asia, Afghanistan, Iran, Sri Lanka and other states.


Pakistani, Bangladeshi officials discuss trade, investment and aviation as ties thaw

Updated 53 min 45 sec ago
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Pakistani, Bangladeshi officials discuss trade, investment and aviation as ties thaw

  • Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war
  • Ties between Pakistan, Bangladesh have warmed up since last year and both nations have resumed sea trade

ISLAMABAD: Pakistan's High Commissioner to Bangladesh Imran Haider on Sunday met Chief Adviser Muhammad Yunus in Dhaka, the latter's office said on, with the two figures discussing trade, investment and aviation.

Pakistan and Bangladesh were once one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.

Ties between Pakistan and Bangladesh have warmed up since former prime minister Sheikh Hasina’s ouster as a result of a student-led uprising in August 2024. Relations remain frosty between Dhaka and New Delhi over India’s decision to grant asylum to Hasina.

Pakistan has attempted to forge closer ties with Bangladesh in recent months and both South Asian nations last year began sea trade, followed by efforts to expand government-to-government commerce.

"During the meeting, both sides discussed ways to expand cooperation in trade, investment, and aviation as well as scaling up cultural, educational and medical exchanges to further strengthen bilateral relations between the two South Asian nations," Yunus's office said in a statement on X.

In 2023-24 Pakistan exported goods worth $661 million to Bangladesh, while its imports were only $57 million, according to the Trade Development Authority of Pakistan. In Aug. this year, the Pakistani and Bangladeshi commerce ministries signed a memorandum of understanding to establish a Joint Working Group on Trade, aiming to raise their bilateral trade volume to $1 billion in the financial year that began in July.

The Pakistani high commissioner noted that bilateral trade has recorded a 20 percent growth compared to last year, with business communities from both countries actively exploring new investment opportunities, according to the statement.

He highlighted a significant increase in cultural exchanges, adding that Bangladeshi students have shown strong interest in higher education opportunities in Pakistan, particularly in medical sciences, nanotechnology, and artificial intelligence. Haider also said that Dhaka-Karachi direct flights are expected to start in January.

"Chief Adviser Professor Muhammad Yunus welcomed the growing interactions between the two countries and emphasized the importance of increased visits as well as cultural, educational and people-to-people exchanges among SAARC (South Asian Association for Regional Cooperation) member states," the statement read.

"Professor Yunus also underscored the need to further boost Bangladesh–Pakistan trade and expressed hope that during Mr. Haider’s tenure, both countries would explore new avenues for investment and joint venture businesses."