During a high-level meeting on energy security, PM Sharif emphasized that timely conservation measures had averted a potential energy crisis amid regional instability. He directed that only electric buses and motorcycles be purchased for government use in the future and called for the establishment of charging stations to support the transition to electric vehicles (EVs). The government aims to convert 30% of vehicles to electric within five years, which is expected to significantly reduce fuel imports.
BUSINESSPublished 24 Apr 2026 • Published 23h ago
PM Shehbaz Sharif's Electric Vehicle Initiative for Pakistan's Energy Security
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On April 24, 2026, Prime Minister Shehbaz Sharif announced that Pakistan is stepping up its energy security planning, including the establishment of strategic oil reserves and a shift to electric vehicles, in response to the ongoing US-Iran-Israel conflict. This initiative aims to prevent an energy crisis and is projected to save approximately $4.5 billion in fuel import costs over the next five years.
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BRbrecorder.com
PPprofit.pakistantoday.com.pk
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