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ISLAMABAD, Nov 4 (APP): Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan on Tuesday chaired a high-level meeting with the representatives of Pak Star Automobiles and Electric Vehicle (EV) bike manufacturers to discuss schemes, local production targets, and policy issues concerning the EV industry in Pakistan.
During the meeting, Haroon Akhtar Khan emphasized that local manufacturing of EV bike components will greatly benefit both the national economy and consumers. He noted that under the second phase of the first year’s plan, a mandatory local manufacturing ratio has been set to promote indigenous production capabilities.
He reiterated that Prime Minister Shehbaz Sharif’s vision is centered on facilitating local industrialists through targeted incentives, enabling sustainable growth in the country’s manufacturing sector.
Industry representatives raised concerns over the recent increase in sales tax on EV bikes from 1 percent to 18 percent , urging the government to review the decision. He assured the participants that the government remains fully committed to resolving all issues faced by vendors and manufacturers, and incentives will be provided to support the sector’s expansion.
Highlighting the environmental and economic benefits of transitioning to electric mobility, Haroon stated that the shift toward EV bikes will significantly reduce environmental pollution and help lower the import bill on petroleum products. Furthermore, local production of EV components will generate new employment opportunities and contribute to industrial growth.
Mr. Khan underscored that the EV Policy is designed not only to promote industrial development but also to ensure environmental sustainability. He directed the Engineering Development Board (EDB) to consult with EV bike manufacturers and vendors to identify challenges and propose effective solutions for the industry’s progress.