Mega Motor Company Financing Pakistan'S First Nev Plant

On February 25, 2026, Mega Motor Company (MMC) announced a significant financing agreement with British International Investment (BII) to establish Pakistan's first large-scale NEV (New Energy Vehicle) manufacturing plant, marking a pivotal step towards sustainable transportation in the country. BII will provide long-term foreign currency financing covering 25% of the total project cost, which is expected to create over 1,100 jobs and avoid an estimated 165,000 tonnes of CO₂ emissions by 2034. Aly Khan, CEO of MMC, emphasized the importance of this initiative, stating, "Pakistan stands at a critical inflection point, where clean mobility is integral to achieving the country’s long-term economic and energy objectives." The plant is scheduled to commence operations in the second half of 2026 and aims to significantly reduce greenhouse gas emissions from the transport sector, which currently contributes over 43% of Pakistan's GHG emissions, according to the Pakistan Institute of Development Economics.