Planning Minister Ahsan Iqbal emphasized a rapid transition to electric vehicles, noting 80% of Pakistan's petrol is consumed by transport. This shift aims to significantly reduce the nation's import bill for fuel and foster an export-based, dollar-earning economy. The government is offering incentives like subsidies and reduced duties to promote EV adoption and utilize domestic solar energy. Such measures, if successful, could strengthen the Pakistani Rupee by easing import pressure and improving the current account, potentially influencing local gold rates.
بحوالہ / Source: www.dawn.com