Pakistan is set to become the first country in South Asia to introduce an electric bus system, and an agreement has been reached between two major Pakistani and Chinese companies in this regard.
The signing ceremony was held simultaneously in Islamabad and Beijing. The agreement was signed by Faisal Siddiqui, CEO of Pakistani company Daewoo and Huang Hungsheng, CEO of Chinese company Skywell.
The signing ceremony was also attended by the Federal Minister for Science and Technology of Pakistan.
Addressing the function, Fawad Chaudhry said that Pakistan was the first country in South Asia to introduce electric bus system. It would be a great achievement to start working on this policy a year ago, but now it is being implemented so quickly.
Fawad Chaudhry said that Pakistan is the fourth largest market for two wheelers and three wheelers. If they are converted to electric, a big change can be made.
He said that Pakistan had a great start in science and technology. When Pakistan started space program in 1959. At the time, China had not even launched a space program. He then made strategic mistakes in the 70’s and 80’s which are backfired.
Fawad Chaudhry added that with the advent of artificial intelligence, many sectors would be wiped out.
“Driverless cars have not been on the market for a long time. We have to see how we can find opportunities for ourselves in the changing times and technology. Soon we will be sitting in Islamabad and controlling the traffic in New York.
When will electric buses start running?
Daewoo Pakistan CEO Faisal Siddiqui said that as a result of the agreement with Skywell, Chinese company buses will come to Pakistan and we will run them. The biggest benefit will be that Chinese technology will be transferred to Pakistan. We will run buses in urban areas and one of the benefits will be to reduce environmental pollution.
Faisal Siddiqui said that there are three parties for running buses in any city in which production of buses, route assignment and fares etc. are decided.
“We have plans for Lahore, Karachi and Islamabad that we will share with the governments,” he said. It is hoped that by the end of this year, electric buses will be available in major cities of the country.
He said that in the next three years, production of buses will also start in Pakistan.