Pakistan Revamps Electric Bike Subsidy Scheme as Banks Approve Only 9 Percent of Applications
The federal government modifies the PAVE program to bypass banking hurdles after commercial banks approve only 4,075 electric bike applications against high demand.
Electric Bike Demand Surges in Pakistan as Commuters Pivot to Battery Power
High fuel prices drive a massive shift toward electric motorcycles in Pakistan with delivery riders and students leading the transition to e-mobility.
SBP Unveils Zero-Markup Financing Scheme for Electric Bikes and Rickshaws to Drive Green Mobility
The State Bank of Pakistan (SBP) has introduced a new zero-markup financing scheme to promote electric bikes and rickshaws nationwide, aiming to reduce fuel dependency and accelerate Pakistan’s shift toward eco-friendly transportation. The initiative targets over 116,000 e-bikes and 3,000 e-rickshaws in 2025–26, with inclusive financing terms and full markup subsidy by the federal government.