• AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees
Tuesday, April 14, 2026
  • Login
No Result
View All Result
Economy.pk
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
No Result
View All Result
Economy.pk
No Result
View All Result

Government allocates Rs1.5 billion to introduce electric vehicles in Pakistan

by Web Desk
January 31, 2022
in Business, Finance, Main, Technology
0
Government allocates Rs1.5 billion to introduce electric vehicles in Pakistan
165
SHARES
1.9k
VIEWS
Share on FacebookX

Pakistan’s climate change ministry has allocated Rs1.5 billion to introduce electric vehicles (EVs) for reduced carbon emissions in the country under its green stimulus program, a senior government functionary told the state-owned Associated Press of Pakistan on Sunday.

Last year in December, the government decided to incentivize local production of these vehicles by bringing down sales tax from 17 percent to one percent. The measure was taken under the Auto Industry Development and Export Policy that also aimed to promote compact cars and development of better tractors and motorbikes.

The prime minister’s advisor on climate change Malik Amin Aslam told the APP news agency that electric buses would be launched at the mass transit metro bus routes to reduce population.

“It will help ensure safe, affordable, and emissions-free transport for the citizens and will also encourage the masses to opt for EVs,” he added.

Aslam said he had opposed the proposed taxes on electric vehicles during cabinet meetings and advocated low tariffs to implement the government’s environment friendly policies.

He added it was important to bring these vehicles to Pakistan to reap maximum benefits from the country’s first Electric Vehicle Policy.

Tags: Electric VehicleslatestNewPakistan
Web Desk

Web Desk

Related Posts

Aurangzeb says ‘all options on table’ to replace UAE’s $3.5bn loan, weighs strategic fuel reserve

Aurangzeb says ‘all options on table’ to replace UAE’s $3.5bn loan, weighs strategic fuel reserve

by Web Desk
April 14, 2026
0

Pakistan is exploring multiple financing options, including Eurobonds, loans from friendly countries, and commercial borrowing, to replace a $3.5 billion...

Fitch affirms Pakistan’s credit rating at ‘B-’

Fitch affirms Pakistan’s credit rating at ‘B-’

by Web Desk
April 13, 2026
0

ISLAMABAD: Fitch Ratings has affirmed Pakistan’s long-term foreign currency Issuer Default Rating (IDR) at ‘B-’ with a stable outlook, citing...

Aurangzeb arrives in Washington for IMF, World Bank spring meetings

Aurangzeb arrives in Washington for IMF, World Bank spring meetings

by Web Desk
April 13, 2026
0

Finance Minister Muhammad Aurangzeb arrived in Washington on Monday to participate in the World Bank Group and International Monetary Fund...

US, Iran agree to immediate ceasefire: Prime Minister

US, Iran agree to immediate ceasefire: Prime Minister

by Web Desk
April 8, 2026
0

Prime Minister Shehbaz Sharif has announced that the Islamic Republic of Iran and the United States, along with their allies,...

Pak-Turkiye relations rapidly moving towards economic partnership: PM

Pak-Turkiye relations rapidly moving towards economic partnership: PM

by Web Desk
April 7, 2026
0

Prime Minister Muhammad Shehbaz Sharif has said the centuries-old brotherly relations between Pakistan and Turkiye are rapidly moving towards a...

Pakistan to repay $4.8bn in external obligations, UAE payments part of plan: sources

Pakistan to repay $4.8bn in external obligations, UAE payments part of plan: sources

by Web Desk
April 6, 2026
0

Islamabad: Pakistan has finalized arrangements to repay $4.8 billion in external obligations by the end of June 2026, with $3.5...

Next Post
Nullah Leh Project

Nullah Leh Project Groundbreaking to be performed soon by PM Imran

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ads

  • AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees

© 2026 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates

© 2026 All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.