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Govt plans incentives for new entrants in electric vehicle push July 30, 2021 ISLAMABAD: Pakistan is set to offer fresh incentives to firms planning investments in electric vehicles (EVs) production in the country in its new auto policy due next year, a government said on Thursday. The country’s efforts to promote EVs to reduce its oil dependence and cut pollution have been stymied so far by a lack of investment and weak demand. A new policy, however, has been under discussion to provide a more focused approach and incentives for carmakers and suppliers over a five-year period to drive large investment in the sector. Shaukat Tarin, finance minister underscored the importance of EVs and affirmed to provide incentives for developing EV market in Pakistan including EV charging infrastructure. ....
China, Pakistan for expediting works on SEZs July 14, 2021 ISLAMABAD: China and Pakistan on Tuesday underscored the importance of expediting the establishment of special economic zones (SEZs) for creating investment and employment opportunities. Ambassador of China Nong Rong called on Minister for Finance and Revenue Shaukat Tarin at the finance division. Special Assistant to Prime Minister on Finance and Revenue Waqar Masood and Secretary Finance division were also present during the meeting. Tarin said bilateral relationships are an epitome of enduring friendship and brotherhood. “CPEC [China-Pakistan Economic Corridor] has ushered in a new era of economic prosperity and is of utmost importance for Pakistan. CPEC will generate abundant employment and investment opportunities in Pakistan and beyond,” he said. ....
KARACHI: Benefits of economic recovery in Pakistan are being transferred across the board as sources of income are growing and that are reflective in many parts of the economy, a PM aide. ....
Prime Minister Imran Khan directed the federal ministries and provincial governments to promote investment and complete the targets set in a timely manner. ....