Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, convened with representatives from BYD Group and Mega Motor Company (MMC) to reaffirm the government’s commitment to supporting electric vehicle manufacturing and localization efforts in Pakistan. The meeting, held at the Finance Division, included discussions on enhancing business collaborations and leveraging Pakistan-China economic ties.
According to Press Information Department, the meeting was led by Mr. Liu Xueliang, Vice President of BYD Group, and Mr. Aly Khan, CEO of MMC. The Finance Minister acknowledged BYD’s expanding influence in Pakistan and emphasized the significance of technology-driven investments for the country’s industrial growth. He expressed optimism that the BYD-MMC joint venture would play a pivotal role in advancing technology transfer, job creation, and export growth.
Mr. Liu Xueliang provided insights into BYD’s operations and future initiatives in Pakistan. He commended the government for its support of the electric vehicle sector and highlighted ongoing developments, including the timely construction of a local manufacturing facility. Plans to expand BYD’s product range and enhance localization efforts were also shared, alongside strategies to improve Pakistan’s EV ecosystem through investment and capacity building.
The delegation outlined Pakistan’s potential as a burgeoning market for new energy vehicles and its ambition to become a regional hub for EV manufacturing and exports. Discussions included the development of charging infrastructure in collaboration with local partners and training programs for Pakistani engineers and technicians to support sectoral growth.
Mr. Aly Khan reiterated the strategic importance of Pakistan in BYD’s global expansion plans and detailed the progress of the manufacturing project. He outlined a phased localization approach to increase local content, thereby strengthening the country’s automotive value chain. The Finance Minister highlighted the global shift towards electric mobility and reassured the government’s commitment to investments fostering technological advancement and sustainable industrialization.
The meeting concluded with both parties affirming their dedication to enhancing collaboration in electric mobility, local manufacturing, and sustainable transportation, with the aim of positioning Pakistan as a leading regional hub for new energy vehicle production.