Author: Admin

ISLAMABAD: Federal Minister for Energy Ali Pervaiz Malik is leading Pakistan’s delegation to the St. Petersburg International Economic Forum (SPIEF) 2025, where he is actively pursuing Russian investment in Pakistan’s mining sector. During key bilateral meetings on the sidelines of the forum, Malik met with Russian Energy Minister Sergei Tsivilev, who also co-chairs the Pakistan-Russia Inter-Governmental Commission (IGC). Both sides discussed deepening cooperation in energy, trade, investment, banking, insurance, mining, and people-to-people exchanges. Russia reaffirmed its interest in enhancing bilateral ties and welcomed the upcoming 10th session of the IGC,…

LAHORE: Pakistan’s auto industry has raised serious concerns over the federal government’s target of achieving 30% electric vehicle (EV) penetration by 2030, calling the goal both ambitious and daunting for a country grappling with economic challenges. Industry veteran Jamil Asghar, with over three decades of experience in the motorcycle sector, questioned the feasibility of the target by drawing comparisons with India’s experience. He noted that despite massive financial interventions over the past decade — including FAME I and II schemes and the recent PM-EDRIVE initiative — India’s EV penetration remains…

ISLAMABAD: The federal government on Thursday launched the National Electric Vehicle (NEV) Policy 2025–30, aiming to revolutionise Pakistan’s transport sector through clean energy, industrial growth, and environmental sustainability. The policy sets an ambitious target: 30% of all new vehicle sales to be electric by 2030. This shift is expected to save 2.07 billion litres of fuel annually, equivalent to nearly \$1 billion in foreign exchange, while also reducing carbon emissions by 4.5 million tonnes and cutting healthcare costs by \$405 million each year. As part of its implementation, the government…