Islamabad: The Ministry of Industries has entered into an agreement with the International Finance Corporation with the support of the Special Investment Facilitation Council for the promotion of electric vehicles in Pakistan. This initiative is aimed at reducing the country’s fuel dependency and lowering pollution levels.

According to Radio Pakistan, this strategic collaboration is expected to play a significant role in transforming Pakistan’s transportation sector. The agreement focuses on fostering the adoption of electric vehicles, which are seen as a vital step towards achieving sustainable development and environmental conservation.

The partnership with the International Finance Corporation signifies a commitment to leveraging international expertise and resources to address local environmental challenges. By promoting electric vehicles, Pakistan aims to enhance energy efficiency and contribute to a cleaner environment.

This agreement aligns with the government’s broader vision of modernizing the transportation infrastructure and is anticipated to create new economic opportunities within the electric vehicle industry. The Ministry of Industries, along with the International Finance Corporation, will work closely to implement this initiative effectively.