Federal Minister for Finance Senator Muhammad Aurangzeb chaired a crucial meeting today to discuss the New Energy Vehicle (NEV) Policy 2025. The meeting, held at the Finance Division, highlighted the importance of accelerating the adoption of electric vehicles (EVs) to address environmental and economic challenges.
The NEV Policy 2025 aims to pave the way for a greener and more sustainable transport sector by encouraging the production and use of electric vehicles. The Secretary of Industries and Production shared an in-depth presentation during the meeting, detailing the current state of Pakistan’s EV industry. The presentation emphasized the need for key policy interventions to ensure the smooth integration of electric vehicles into the country’s transport system.
The discussions focused on removing obstacles hindering EV production and adoption, improving local manufacturing capabilities, and addressing infrastructure gaps. Policymakers explored ways to enhance supply chain efficiency, streamline EV-related policies, and attract private sector investments to support the growing EV market.
Finance Minister Muhammad Aurangzeb highlighted the urgency of finalizing and implementing the NEV Policy 2025-30. He emphasized that coordinated efforts among government departments and stakeholders are vital to achieving the policy’s ambitious goals. These goals align with Pakistan’s commitment to a cleaner environment and sustainable economic growth.
The meeting ended with a strong commitment to speeding up efforts to bring the NEV Policy to life. This policy is expected to play a key role in transforming Pakistan’s transportation sector, reducing carbon emissions, and ensuring a healthier future for its citizens.
The meeting was attended by key government officials, including Federal Minister for Industries and Production Rana Tanveer Hussain, the Governor of the State Bank of Pakistan, and senior representatives from the finance, commerce, climate change, and other relevant ministries. Together, they reaffirmed their dedication to building a cleaner and greener Pakistan through the timely implementation of the NEV Policy.
With a clear roadmap ahead, Pakistan is taking important steps toward a more sustainable and eco-friendly future, focusing on innovation and progress in the EV industry.
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