Islamabad, 19 Apr, 2025: In a major step toward sustainable transportation, IFC Partners with Pakistan to scale up Electric Mobility Infrastructure, with a focus on electric two-wheelers and three-wheelers (e-2/3Ws).
This initiative is part of the World Bank’s 10-year Country Partnership Framework, aiming to transform Pakistan’s mobility ecosystem through targeted investment and regulatory support.
The official signing ceremony took place at the Ministry of Industries and Production, where Secretary Saif Anjum and IFC Country Manager Zeeshan Sheikh formalized the collaboration.
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The agreement is expected to pave the way for widespread adoption of clean, affordable electric vehicles (EVs), particularly in the public and semi-public transport sectors.
This advisory initiative will focus on removing obstacles that hinder investment across the e-2/3W landscape.
By introducing robust regulatory frameworks, updating technical standards, and promoting favorable investment policies, this collaboration aims to attract both local and global investors into Pakistan’s nascent EV market.
As part of its comprehensive support, IFC will offer hands-on technical assistance and capacity building for institutions such as the Engineering Development Board (EDB), National Energy Efficiency and Conservation Authority (NEECA), and Pakistan Standards and Quality Control Authority (PSQCA).
Senior policymakers, including the Special Assistant to the Prime Minister Haroon Akhtar Khan, joined the event, alongside prominent stakeholders from industry and development organizations.
Haroon Akhtar highlighted that Electric Mobility Infrastructure development is essential for reaching the national EV targets.
He emphasized the socio-economic importance of transitioning high-usage vehicles such as rickshaws and motorcycles to electric models, which are more practical and affordable for the general public.
He added, “Creating a supportive policy structure will empower local manufacturing and drive the adoption of electric mobility in high-density vehicle segments. Without this, Pakistan may fall short of its electric vehicle goals.”
A key strategy moving forward includes reducing upfront costs through localized manufacturing, pooled procurement, and unlocking finance through innovative risk-sharing models.
Reinforcing the commitment, Saif Anjum remarked, “IFC Partners with Pakistan at a crucial time, helping unlock large-scale investment in EVs.
With over 23 million two- and three-wheelers on the roads, we must transition towards clean, fossil-free transportation solutions.”
Zeeshan Sheikh echoed this, stating, “Currently, EVs make up less than 1% of Pakistan’s fleet. We’re committed to accelerating the shift toward eco-friendly transport while improving air quality and reducing fuel dependency.”
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The project also benefits from CIFPAK funding a climate-focused blended finance facility managed by IFC in collaboration with the UK’s Foreign, Commonwealth & Development Office.
In summary, this initiative signals a bold move toward green transport solutions, cleaner cities, and economic resilience through smarter, more sustainable mobility systems.
