Karachi, September 29, 2025 – The State Bank of Pakistan (SBP) has launched a new cost-sharing scheme aimed at promoting electric bikes and electric rickshaws/loaders across the country.
The initiative, backed by the federal government, is designed to encourage energy efficiency and support Pakistan’s transition to green technologies within the transport sector.
According to the SBP, the scheme will cover financing for more than 116,000 electric bikes and over 3,000 electric rickshaws during the fiscal year 2025–26. The program will be rolled out in two phases, with the first phase including 40,000 electric bikes and 1,000 rickshaws, while the remaining vehicles will be distributed in the second phase.
A key feature of the program is its inclusivity. At least 25 percent of the bikes will be allocated to women, while 10 percent will be reserved for those intending to use bikes for business purposes such as delivery or courier services. Additionally, 30 percent of the rickshaws will be allocated to fleet operators.
Financing options will be offered through both conventional and Islamic banking channels, with an end-user rate of 0 percent, as the federal government will bear the full markup subsidy. Applicants will only be responsible for equity payments and registration costs, with flexible loan tenures of up to three years.
The SBP has directed banks to integrate their systems with the centralized digital portal, ensuring a transparent and user-friendly process for applicants.