Karachi : Malik Khuda Bakhsh, Convenor of the Energy Standing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has announced that they are planning to set up 3,000 Electric Vehicle (EV) charging stations in the country with the cooperation of a Chinese company. In this regard, they have signed an agreement with a well-known Chinese company and the Government of Pakistan. As part of this initiative, EV stations will be set up along the motorway from Peshawar to Karachi. This agreement is expected to bring approximately $350 million in foreign investment to the country.
Speaking at a ceremony held at the FPCCI head office in Karachi to highlight progress in Pakistan’s electric transportation sector and introduce the FV Flash Charging Station, Malik Khuda Bakhsh further explained that the initial investment for setting up EV stations would be $90 million. In February 2025, $250 million will be invested in manufacturing.
Malik Khuda Bakhsh added that an inauguration ceremony for the Electric Vehicle Charging Stations will be held soon. He stated that the establishment of EV charging stations will not only reduce fuel imports in Pakistan and save the country’s foreign exchange reserves, but will also help eliminate environmental pollution.
Regarding the interest of Chinese investors in Pakistan’s energy sector, Malik Khuda Bakhsh mentioned that Chinese investors are coming to Pakistan for new investments. They are in detailed discussions with the Government of Pakistan, the Government of Sindh, and the private sector regarding investment opportunities and technology transfer. He emphasized that the energy sector in Pakistan offers attractive opportunities for both domestic and foreign investors, particularly in areas like the Thar coalfield and alternative energy sectors. The Sindh government has assured investors of full cooperation, assistance in documentation, and provision of all necessary facilities related to land.
