Pakistan, Aug. 1 -- Pakistan's banking sector has agreed to support electric vehicle (EV) adoption through affordable consumer financing. The decision came during a high-level meeting organized by the Ministry of Climate Change and Environmental Coordination. Officials from the State Bank, commercial banks, EV manufacturers, and government bodies participated. They pledged to develop solutions that make EVs more accessible to the public.

The meeting was chaired by MoCC&EC Secretary Aisha Humera Moriani, who stressed that banks must offer attractive and practical loan plans. Without affordable financing, she said, most households won't be able to switch to electric vehicles. The session also led to the creation of a joint working group ta...