Dr. Gohar Ejaz, the caretaker Commerce Minister, stated on Thursday that the Chinese electric vehicle giant BYD is looking into opportunities for investment in Pakistan.
The minister shared the update on X (formerly Twitter) where he informed the BYD officials about the government’s policy and SIFC (Special Investment Facilitation Council), adding that new ventures will have full backing in their endeavor in the country.
Had a productive meeting with BYD, the global leader in EVs. They’re considering investment opportunities in Pakistan 🇵🇰. Informed them about our gov’s policy & #SIFC. Promised full backing for their new ventures. #InvestInPakistan #EVFuture pic.twitter.com/8JghoN1Kr5
— Dr Gohar Ejaz (@Gohar_Ejaz1) October 19, 2023
BYD is the closest rival of Tesla and is well on course to dethrone the latter as the largest EV maker in the world. BYD already operates in India and a number of right-hand-driven (RHD) markets and its EVs are increasingly becoming popular all over the world. You will get the most comprehensive coverage of BYD only on CarSpiritPK, feel free to browse our earlier articles related to the Chinese EV giant.
A computer animation professional with over 23 years of industry experience having served in leading organizations, TV channels & production facilities in Pakistan. An avid car enthusiast and petrolhead with an affection to deliver quality content to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com