Interest-free financing scheme for e-bikes, e-rickshaws launched in Pakistan

Karachi: The federal government has unveiled the ‘Cost Sharing Scheme for Electric Bikes and Rickshaws/Loaders’ today.

According to the State Bank of Pakistan (SBP), the scheme will cover the financing of around 116,000 e-bikes and 3,170 e-rickshaws/loaders during FY 2025-26. Distribution will take place in two phases.

“In the first phase, 40,000 e-bikes and 1,000 e-rickshaw/loaders will be distributed, while the remaining 76000 e-bikes and 2,171 e-rickshaws/loaders will be distributed in the second phase,” said SBP.

A special quota system has been designed, under which at least 25% of the total e-bikes will be reserved for women, while up to 10% will be available for individuals engaged in businesses, including courier and delivery services.

In the case of rickshaws and loaders, 30% of the quota has been allocated for fleet operators.

The scheme will be open to all Pakistani citizens, having a valid CNIC, including those from Gilgit-Baltistan and Azad Jammu & Kashmir, subject to age restrictions.