BYD Considering Investment Opportunities in Pakistan

Abdullah

21 Oct 2023

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BYD Considering Investment Opportunities in Pakistan

In a recent development, Dr. Gohar Ejaz, the caretaker Commerce Minister, revealed that BYD, the prominent Chinese electric vehicle manufacturer, is actively exploring investment prospects in Pakistan.

Government's Support for Investment

Dr. Gohar Ejaz took to social media to announce this significant news, emphasizing that BYD officials have been briefed on the government's policy framework and the existence of the Special Investment Facilitation Council (SIFC). He assured BYD that any new ventures looking to establish a presence in Pakistan will receive comprehensive support from the government.

BYD's Global Standing

BYD, often regarded as the closest competitor to Tesla, is steadily advancing toward potentially surpassing the latter as the world's largest electric vehicle (EV) manufacturer. Notably, BYD Cars 2023 has already made inroads into various international markets, including India, as well as markets with right-hand-drive (RHD) configurations. Their Electric Cars are gaining popularity across the globe.

For the most extensive coverage of BYD, be sure to explore our archive of previous articles related to this Chinese EV giant, exclusively on GariPK.

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