Russian Technology Firm keen to invest in Electric Vehicle Sector of Pakistan

ISLAMABAD, Pakistan: A delegation of the Russian Technology Company led by Mr. Igor Kim met the Prime Minister’s Adviser on Climate Change Malik Amin Aslam in Islamabad on Wednesday, and offered to invest in Electric Vehicle Industry of Pakistan with the latest technology called Nano Tubes.

While talking to the Russian delegation, the adviser said that his government was taking the issue of climate change very seriously and took several steps in that regard.

The adviser said that the Ministry of Climate Change under the leadership and vision of Prime Minister Imran Khan has started five initiatives to mitigate the effects of climate change namely: Ten billion tree tsunami, ban on plastic bags, clean green initiative, electric vehicle policy and green climate fund.

A DELEGATION OF RUSSIAN TECHNOLOGY COMPANY CALLS ON ADVISER TO THE PRIME MINISTER/ FEDERAL MINISTER FOR CLIMATE CHANGE, MALIK AMIN ASLAM AT HIS OFFICE IN ISLAMABAD ON SEPTEMBER 11, 2019.

The Russian delegation appreciated the efforts of Pakistan government and introduced their products.

Mr. Igor Kim said that Nano Tube Technology is being used in all sorts of materials with scores of objectives from reinforcement to enhancing conductivity. He said that their product is microscopic and is widely being used in electric batteries, construction materials, LED screen, solar panels, plastics, tires, conductors and clothes. Introduction of Nano materials will add to energy efficiency by making it light weight and minimizing energy losses, he added.

Amin Aslam welcomed the offer and told that EV policy is on cards and would be approved within a couple of weeks. He said that once the policy is approved it would open new horizons in R&D and investment. He said that the government of Pakistan has also planned an innovation district dedicated for electric vehicles and allied technologies.

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“We want to make Pakistan hub for right-hand-drive electric vehicles all across the world,” the adviser said. “The proposed policy will offer tariff incentives in order to make EV prices at par with conventional vehicles. Pakistan is a huge market for two and three wheelers and there is immense potential for investment. Currently Pakistan’s 43% emissions are from transport sector while EV will help reduce emissions by 2/3”.

The Russian delegation appreciated initiatives of the present government and showed their keenness to work with Pakistani entrepreneurs.

Other members of the Russian delegation included Ms. Anastasia Kim, Mr. John Mcnaughton and Mr. Farooq Bajwa.