Pakistan's Economic Coordination Committee approved financial support for electric transportation vehicles during a virtual meeting led by Finance Minister Senator Muhammad Aurangzeb. The government allocated Rs9 billion for the program during the 2025-26 fiscal year. Electric bikes, rickshaws, and loaders will receive subsidies under this plan. The program supports Pakistan's National Electric Vehicle Policy, which targets electric vehicles comprising 30 percent of new vehicle purchases by 2030. Outstanding students at government colleges will receive complimentary electric bikes through this initiative.
The committee authorized Rs30 billion in additional funds to settle previous year claims from the Remittance Scheme. Officials discussed expanding the Energy Vehicle policy across more regions. Committee members approved financial assistance for Quaid-i-Azam University and grants for the Telegraphic Transfer Charges Incentive Scheme. These measures demonstrate the government's commitment to environmental protection, economic growth, and educational advancement through sustainable transportation solutions.
The committee authorized Rs30 billion in additional funds to settle previous year claims from the Remittance Scheme. Officials discussed expanding the Energy Vehicle policy across more regions. Committee members approved financial assistance for Quaid-i-Azam University and grants for the Telegraphic Transfer Charges Incentive Scheme. These measures demonstrate the government's commitment to environmental protection, economic growth, and educational advancement through sustainable transportation solutions.
