Published on, Sept. 29 -- September 29, 2025 5:26 PM

The State Bank of Pakistan (SBP), in partnership with the federal government, has launched a major interest-free financing scheme to support the adoption of electric bikes, rickshaws, and loaders. The program, announced Monday, aims to distribute 116,000 e-bikes and 3,170 electric rickshaws/loaders during the 2025-26 fiscal year to promote eco-friendly transport solutions across the country.

The scheme will roll out in two phases. In the first phase, 40,000 e-bikes and 1,000 e-rickshaws/loaders will be financed. The remaining 76,000 e-bikes and 2,170 e-rickshaws/loaders will follow in the second phase. To ensure inclusion, a 25% quota is reserved for women, while 10% is set aside for ...