Gwadar Pro
Islamabad: Pakistan’s Finance Minister Muhammad Aurangzeb has welcomed Chinese electric vehicle maker BYD’s expanding investment in Pakistan, as the government seeks to promote local EV manufacturing and reduce dependence on fuel imports.
Aurangzeb made the remarks during a meeting in Islamabad this week with a delegation from BYD Group and Mega Motor Company, the finance ministry said.
He said Pakistan was giving priority to technology-led investment that could support industrial growth, job creation and local manufacturing. He said the BYD-Mega Motor partnership could help Pakistan develop its EV sector through technology transfer, workforce training and localisation of production.
Aurangzeb encouraged the company to accelerate local assembly and manufacturing plans, saying domestic production facilities could create opportunities for local suppliers, engineers and skilled workers.
The meeting also focused on charging infrastructure, which officials described as a key requirement for wider EV adoption in Pakistan.
BYD Vice President and General Manager Liu Xueliang briefed the minister on the company’s progress in introducing new-energy vehicles in Pakistan through its partnership with Mega Motor Company. He said construction of the company’s local manufacturing facility was progressing according to schedule.
Company representatives said the project would help develop Pakistan’s EV ecosystem, expand the company’s product portfolio and increase localisation of components and manufacturing over time.
The two sides also discussed plans for charging solutions, technical training and cooperation with local partners to build capacity in Pakistan’s automotive sector.
The investment comes as Pakistan seeks to attract Chinese companies into advanced manufacturing and clean technology, extending economic cooperation beyond traditional infrastructure and energy projects.