Karachi, February 25, 2026: Mega Motor Company (Private) Limited (MMC), official partner of BYD in Pakistan, has signed a financing agreement with British International Investment (BII), the UK’s development finance institution and impact investor, to support the establishment of Pakistan’s first purpose-built large-scale NEV manufacturing plant.
Under the agreement, BII will provide long-term foreign currency financing. This will account for 25% of the total project cost.
MMC will invest the amount in its state of the art, purpose built NEV manufacturing facility. Scheduled to go live in H2 2026, the plant will deploy cutting-edge automation and world-class manufacturing systems. Engineers benchmarked it against leading global automotive standards.
This agreement is one of the earliest green energy linked funding arrangements in Pakistan’s automotive manufacturing sector. It is expected to expand access to affordable clean transport.
Pakistan has the third worst air quality globally and the transport sector. Which alone contributes over 43 percent of our GHG emissions, according to Pakistan Institute of Development Economics. Research shows even a 30 percent shift to NEVs could cut total emissions by nearly 20 percent. Clean mobility is one of the fastest and most practical routes to cut carbon emissions. It will reduce oil imports and boost local green industry.
The project is expected to create over 1,100 jobs. It will also advance sustainable industrialization. And deliver significant climate benefits, including avoiding an estimated 165,000 tonnes of CO₂ emissions by 2034.
Aly Khan, CEO of Mega Motor Company (MMC), said, “Pakistan stands at a critical inflection point, where clean mobility is integral to achieving the country’s long-term economic and energy objectives. Through this collaboration, MMC is leading that transition laying the foundations of a globally competitive NEV ecosystem for the country. This greenfield investment will not only accelerate NEV adoption, but also help shape Pakistan’s automotive future by building a resilient value chain that creates jobs, enables knowledge and technology transfer, and strengthens long-term industrial capability.”
Stephen Priestley, Managing Director and Head of Financial Services Group, and Industries, Technology and Services, at British International Investment said, “This investment aligns with our priority on supporting sustainable industrial transformation and climate action. It also accelerates Pakistan’s energy transition by enabling job creation in a growing green sector and strengthening its emerging clean transport ecosystem.”
In parallel, MMC, with support from British International Investment, is implementing robust environmental, social, and governance (ESG) practices. Which include strengthened labour standards, occupational health and safety management, stakeholder engagement, and responsible supply-chain systems.
