Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Thursday reaffirmed the government’s support for electric vehicle manufacturing, localization and sustainable transportation to promote Pakistan as a regional hub for new energy vehicles.
He stated this while talking to a delegation of BYD Group and Mega Motor Company (MMC) led by BYD Group Vice President Liu Xueliang and MMC CEO Aly Khan.
Speaking on the occasion, the finance minister appreciated BYD’s expanding presence in Pakistan and said the BYD-MMC joint venture would support industrial development, technology transfer, employment generation and export growth in the country.
He noted that global trends clearly pointed towards an accelerating transition to electric mobility and reiterated the government’s commitment to facilitating investments that support technological advancement, sustainable industrialization and energy efficiency.
He observed that Pakistan’s improving macroeconomic fundamentals and enhanced external sector position had created a conducive environment for productive investment and industrial expansion.
The minister encouraged the delegation to accelerate efforts towards local assembly, manufacturing and charging infrastructure development, noting that the availability of a robust charging network would be critical to expediting the adoption of electric vehicles across the country.
He also highlighted the significant contribution of Chinese enterprises to Pakistan’s industrial development and expressed confidence that the BYD-MMC partnership would further deepen economic cooperation between Pakistan and China.
On the occasion, Liu Xueliang briefed the Finance Minister on BYD’s operations and future plans in Pakistan, highlighting the company’s progress in introducing new energy vehicle technologies to the local market in partnership with Mega Motor Company.
He appreciated the government’s support for the development of the electric vehicle (EV) sector and informed that construction of the company’s local manufacturing facility was progressing according to schedule.
He shared BYD’s plans to expand its product portfolio, accelerate localization, introduce advanced charging technologies and contribute to the development of Pakistan’s EV ecosystem through investment, technology transfer and capacity building.
The delegation emphasized Pakistan’s growing potential as a market for new energy vehicles and outlined its long-term vision of positioning the country as a regional hub for EV manufacturing and exports.
It also highlighted plans to develop charging infrastructure in collaboration with local partners and to train Pakistani engineers and technicians to support the sector’s future growth.
Meanwhile, Aly Khan informed the finance minister that Pakistan occupies a strategic position in BYD’s global expansion plans and reiterated the joint venture’s commitment to long-term investment in the country.
He briefed the meeting on the progress of the manufacturing project and outlined a phased localization roadmap aimed at increasing local content through engagement with domestic vendors and suppliers, thereby strengthening Pakistan’s automotive value chain and industrial base.
The meeting also featured a discussion on the future role of electric vehicles and plug-in hybrid electric vehicles (PHEVs) in Pakistan.