E-Turbo Motors, a leading player in the automotive industry, has made headlines by announcing an ambitious investment of Rs. 50 crore to establish an electric bike assembly plant in Pakistan. This move signals the company’s commitment to advancing the electric mobility sector in the country and aligning with global trends towards sustainable transportation.
The Government of Punjab remains committed to ensuring that the public transportation system, particularly the Metro Bus and the Orange Line Train, remains affordable and accessible for all. By continuing the subsidy program for these services, Punjab aims to alleviate the financial burden on commuters and promote the use of environmentally friendly public transport. This decision reflects the government’s long-term vision of creating a sustainable, efficient, and economical transportation network for urban residents.
In a significant relief to commuters, the Punjab government has announced a reduction in public transport fares, following a notable decrease in fuel prices. This move comes as part of the government’s ongoing efforts to ease the financial burden on the public amidst inflationary pressures.
As the month draws to a close, inflation-weary citizens are once again anxiously awaiting the outcome of the latest revision in petrol prices. The government had previously introduced two back-to-back reductions: one by Rs. 10 and another by Rs. 1.86 per liter in recent updates.
The electric vehicle (EV) industry is rapidly expanding across the globe, with many nations embracing the shift to greener alternatives. Pakistan, too, is beginning to explore this transformative movement. However, like many developing countries, the EV industry in Pakistan faces unique challenges. Despite the hurdles, the future prospects seem promising, driven by both governmental initiatives and consumer interest.
