Pakistan looks to Turkish firms for investment as economic reforms gain traction

This picture taken on March 21, 2022 shows a view of mockups of surface and submarine vessels produced by Turkey's Dearsan Shipyard on display at the Doha International Maritime Defence Exhibition (DIMDEX), in Qatar's capital Doha. (AFP/ file)
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Updated 07 January 2026
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Pakistan looks to Turkish firms for investment as economic reforms gain traction

  • Pakistan and Türkiye collaborate closely at the government-to-government level, especially in defense and security
  • Pakistan’s envoy to Türkiye highlights investment opportunities in livestock, renewable energy and the housing sector

ISLAMABAD: Pakistan urged Turkish companies on Tuesday to explore medium- to long-term investment partnerships as its economy shows signs of stabilization after years of crisis, according to an official statement released after the launch of a bilateral economic cooperation report in Istanbul.

Pakistan endured a prolonged period of economic turmoil in recent years that saw its foreign currency reserves plunge, the national currency weaken sharply and inflation peak at nearly 38 percent in mid-2023.

However, the situation improved as the country started implementing structural reforms recommended under a loan program with the International Monetary Fund, aimed at restoring macroeconomic stability. The adjustments helped moderate inflation into single digits, rebuild reserves and prompt upgrades to Pakistan’s sovereign credit outlook by major rating agencies.

Pakistan’s envoy to Türkiye highlighted these factors while addressing Turkish businesses at the ceremony.

“Ambassador of Pakistan to Türkiye, Dr. Yousaf Junaid outlined Pakistan’s phenomenal economic stabilization, including improved currency stability and investor-friendly reforms by the current government,” the country’s embassy in Ankara said in a statement.

“Ambassador Junaid highlighted investment opportunities in livestock, dairy, renewable energy and the housing sector and encouraged Turkish companies to explore medium- to long-term partnerships in Pakistan,” it added.

Pakistan and Türkiye have collaborated closely at the government-to-government level, particularly in defense and security. Islamabad is acquiring four corvettes from Türkiye, with two being built at the Karachi Shipyard with Turkish technical support. Pakistan has shown interest in Turkish-built armed drones and worked with Ankara on avionics, propulsion and battlefield surveillance systems.

Last month, officials from both sides discussed expanding cooperation in the energy sector, including deep-sea drilling and exploration, as Pakistan seeks foreign investment to help develop its oil, gas and mining sectors.

The initiative aims to ease severe energy shortages, reduce reliance on imported fuels and exploit underexplored reserves.


Pakistan plans 3,000 EV charging stations as green mobility push gathers pace

Updated 14 January 2026
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Pakistan plans 3,000 EV charging stations as green mobility push gathers pace

  • Roadmap unveiled by energy efficiency regulator and a private conglomerate amid early-stage EV rollout
  • New EV Policy and related plans aim to install 3,000 EV stations by 2030, including 240 stations in current fiscal year

ISLAMABAD: Pakistan’s energy efficiency regulator and a private conglomerate have unveiled an approved roadmap to establish 3,000 electric vehicle (EV) charging stations across the country, state-run Associated Press of Pakistan (APP) reported on Tuesday.

The announcement comes as Pakistan looks to build out basic EV charging infrastructure, which remains limited and unevenly distributed, largely concentrated in major cities. Despite policy commitments to promote electric mobility as part of climate and energy-efficiency goals, the absence of a nationwide charging network has slowed broader EV adoption.

Pakistan’s EV ecosystem is still at a formative stage, with progress constrained by regulatory approvals, grid connectivity issues and coordination challenges among utilities, regulators and fuel retailers. Expanding charging infrastructure is widely seen as a prerequisite for scaling electric transport for both private and commercial use.

According to APP, the roadmap was presented during a meeting between Malik Group Chief Executive Officer Malik Khuda Baksh and National Energy Efficiency and Conservation Authority Managing Director and Additional Secretary Humayon Khan.

“Baksh ... in a meeting with Khan, unveiled the approved roadmap for establishing 3,000 electric vehicle charging stations across Pakistan,” APP reported. “Khan reaffirmed the authority’s full institutional backing and pledged to expand the initiative to 6,000 EV charging stations nationwide.”

The discussion reviewed hurdles delaying the rollout, including EV charger imports, customs duties, regulatory documentation and inter-agency coordination.

APP said Khan welcomed the proposal and sought recommendations for “internationally compliant EV charger brands,” while asking for a detailed “issue-and-solutions report within three days” to facilitate timely implementation of the national green mobility initiative.

Despite the issuance of 13 licenses by NEECA and the arrival of five EV charging units at designated sites, progress has been slowed by procedural bottlenecks, officials said. These include delays in electricity connections, prolonged installation of separate meters and pending no-objection certificates from power distribution companies and oil marketing firms, which continue to stall operational readiness.

Pakistan’s electric vehicle ecosystem is still in its early stages, with charging infrastructure far behind levels seen in more advanced markets. The government’s New Energy Vehicle Policy and related plans aim to install 3,000 EV charging stations by 2030, including 240 stations planned in the current fiscal year, but actual deployment remains limited and uneven, mostly clustered in major cities and along key urban corridors.

Despite regulatory backing, including the 2024 Electric Vehicles Charging Infrastructure and Battery Swapping Stations framework, progress has been slow. Many proposed stations have yet to become operational due to delays in grid connections and approvals, and public maps of nationwide charging coverage are not yet available.

Private players are beginning to install more chargers, and there are over 20 public EV charging points reported in urban centers, offering both slower AC chargers and faster DC options. However, such infrastructure is still sparse compared with the growing number of electric vehicles and the government’s long-term targets.