In an effort to boost the economy, the government has initiated a comprehensive plan to achieve economic stability and growth, focusing on private sector investment, export-oriented development, and foreign direct investment. These plans were outlined by Finance Minister Muhammad Aurangzeb during the launch event of BYD, a leading New Energy Vehicle manufacturer, in partnership with Mega Motor Co.
Former Prime Minister Shahid Khaqan Abbasi also attended the event, where Aurangzeb emphasized Pakistan’s potential as an attractive investment destination and a regional economic hub through macroeconomic stability and structural reforms. He highlighted the government’s achievements in stabilizing the currency, increasing foreign exchange reserves, and reducing the policy rate, resulting in improved sovereign ratings and making Pakistan appealing to investors.
Aurangzeb stressed the government’s support for the private sector and its role in driving economic growth, stating that the government’s focus is on creating a conducive environment for economic development. The recent investment by BYD in Pakistan’s automotive sector reflects this private sector-led growth approach. The government welcomes this investment and aims to encourage BYD to establish Pakistan as an export hub.
Furthermore, Aurangzeb emphasized the government’s commitment to achieving export-led growth through Foreign Direct Investment (FDI) and its intention to tap into international capital markets. The Finance Minister concluded by affirming the government’s dedication to fostering an environment conducive to economic growth, led by the private sector, and positioning Pakistan for a brighter economic future.
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In a parallel development, BYD, in partnership with Mega Motor Co., hosted a launch event to introduce its vision for Pakistan and its dedication to leading the automotive revolution towards sustainable mobility. The event showcased three forthcoming models: BYD Sealion 6, BYD Seal, and BYD Atto 3, reflecting BYD’s latest advancements in new energy vehicle technology tailored to meet the diverse needs of Pakistani consumers.
Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division, expressed the company’s enthusiasm for expanding its global footprint, emphasizing BYD’s role in driving environmental responsibility and technological innovation. Aly Khan, CEO of Mega Motor Co., articulated their ambitious vision of driving Pakistan’s future with sustainable mobility and aligning with global sustainability goals.
Kamran Kamal, CEO of the Hub Power Company Limited, also highlighted the partnership’s commitment to establishing flagship stores and experience centers, as well as Pakistan’s first NEV assembly plant. The event also marked the announcement of Hubco Green, an initiative aimed at accelerating the green mobility revolution in Pakistan by establishing fast-charging stations across major cities, motorways, and highways.
The launch event featured various exhibits and experiences showcasing BYD’s commitment to exceptional customer experiences and environmental sustainability, marking the beginning of a sustainable transportation revolution in Pakistan.
