Chinese electric car giant BYD enters Pakistani market

Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, delivered a keynote speech emphasizing the significance of sustainable innovation for Pakistan’s future.

The finance minister welcomed BYD’s entry into the market, praising the company’s dedication to advanced technology and environmental responsibility. Aurangzeb stated, “BYD’s introduction to our market is not merely about new vehicles; it represents a commitment to a sustainable future and aligns with Pakistan’s energy efficiency and environmental goals.”

He further stressed the government’s commitment to supporting initiatives that will not only promote green technology but also significantly boost the local economy by generating new jobs and encouraging technological progress in the automotive industry.

Additionally, the minister highlighted that the involvement of a major global player like BYD could enhance Pakistan’s export potential in the rapidly growing electric vehicle sector, aligning with the national strategy to increase high-tech exports and address trade imbalances.

Aurangzeb also affirmed that the government and industry stakeholders will collaborate to introduce innovations that contribute to the country’s sustainability objectives and economic stability in the years ahead.