SIFC extending support for promotion of EV industry

ISLAMABAD: The Special Investment Facilitation Council (SIFC) is actively supporting the growth of the electric vehicle (EV) sector in Pakistan.

The Chinese corporation ADM Group has committed an investment of $250 million to establish an EV manufacturing facility in the country.Pharma Industry Pharma Export Promotion Council

The shift to electric vehicles is anticipated to significantly reduce fuel import expenses, potentially saving billions of dollars.

Additionally, the government’s updated policies for EV charging infrastructure are expected to enhance Pakistan’s environmental sustainability.