The federal government has proposed a plan to provide electric bikes to government employees as part of efforts to reduce the country’s oil import bill amid rising global fuel prices.
Under the proposal, around 76,000 electric bikes will be distributed to eligible participants, with the Engineering Development Board’s plan currently awaiting final approval from the Prime Minister’s Office.
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The scheme includes a subsidy of Rs. 80,000 per bike, of which Rs. 30,000 will be paid to banks as interest support, while Rs. 50,000 will be transferred directly to the applicant’s bank account.
The development follows approval of a draft plan by Prime Minister Shehbaz Sharif last week to provide electric bikes to a selected category of government employees.
According to details, employees whose salaries are processed through the Accountant General Pakistan Revenues (AGPR) will be eligible to apply for the scheme.
Applicants will be required to submit an AGPR verification letter, while no personal guarantees will be needed to avail the subsidy.
The plan also includes a special quota for journalists, who will receive electric bikes on a self-financed basis, while other participants will be able to purchase bikes through an installment-based system.
A separate quota for female journalists is planned to be introduced in the second phase of the scheme. The subsidy will be released only after the electric bike is registered in the applicant’s name.
