Business Desk 
Oct 01, 2025
The government of Pakistan, in partnership with the State Bank of Pakistan (SBP), has announced an initiative to make clean and affordable transport options accessible to every citizen.
Under this initiative, Pakistanis can now purchase electric bikes, scooters, rickshaws, and loaders through an interest-free loan scheme.
The federal government aims to reduce reliance on costly fuel imports, promote eco-friendly transport, and empower groups such as women, delivery riders, and fleet operators.
Interest-free loan scheme for EVs
The scheme will cover:
- 116,000 e-bikes
- 3,170 electric rickshaws/loaders
According to officials, it will be executed in two phases:
- Phase 1: 40,000 e-bikes + 1,000 rickshaws/loaders
- Phase 2: 76,000 e-bikes + 2,170 rickshaws/loaders
Eligibility criteria
Applicants are required to meet the following requirements:
- Valid CNIC (Pakistan, Gilgit-Baltistan, Azad Kashmir)
- Age: 18–65 years for e-bikes, 21–65 years for rickshaws/loaders
- Valid driving license (for rickshaw/loader applicants)
- Active bank account
- Proof of income (salary slip, business proof, or student ID)
- No history of bank loan defaults
Special quotas
- 25% of e-bikes reserved for women
- 10% for businesses such as delivery riders
- 30% of rickshaws/loaders for fleet operators
Loan details
The maximum loan amount depends on the vehicle type:
- Up to Rs 200,000 for an e-bike (two-wheeler)
- Up to Rs 880,000 for a rickshaw or loader (three-wheeler)
If the cost exceeds the loan limit, the buyer will cover the remaining amount.
The government subsidy will help reduce the upfront cost:
- Up to Rs 50,000 for e-bikes
- Up to Rs 200,000 for rickshaws/loaders
This subsidy will be adjusted against the down payment, meaning buyers only repay the principal loan amount without any added interest.
How to apply for interest-free loans in Pakistan
Applications will be submitted through a dedicated digital portal, eliminating the need for paperwork or physical office visits.
Banks will connect to the portal for verification, processing, and approval. Required documents include:
- CNIC
- Bank account details
- Driving license (if applicable)
- Income proof
The SBP and the Ministry of Industries are anticipated to announce the official application link soon. The programme ensures that eco-friendly travel becomes mainstream, paving the way for greener cities and a stronger economy.
