The Mega Motor Company (Private) Limited (MMC), the official partner of BYD in Pakistan, has entered into a financing agreement with British International Investment (BII) to support the construction of the country’s first purpose-built, large-scale new energy vehicle (NEV) manufacturing facility.
Under the agreement, BII, the United Kingdom’s development finance institution and impact investor, will extend long-term foreign currency financing covering 25 percent of the total project cost. The upcoming plant will feature advanced automation and world-class manufacturing systems aligned with leading global automotive standards. Operations are expected to commence in the second half of 2026.
The agreement represents one of the earliest green energy-linked financing deals in Pakistan’s automotive manufacturing sector, marking a notable development for a country facing severe air pollution challenges. The facility is projected to create more than 1,100 jobs, promote sustainable industrial growth, and help prevent an estimated 165,000 tonnes of carbon dioxide emissions by 2034.
MMC Chief Executive Officer Aly Khan termed the investment a pivotal moment for the nation’s automotive industry, stating, “Pakistan is at a crucial stage where clean mobility is essential to achieving long-term economic and energy goals. The greenfield project would accelerate NEV adoption while fostering a resilient value chain, generating employment, facilitating technology transfer, and strengthening industrial capacity.”
Stephen Priestley of BII said,”the investment aligns with the institution’s commitment to sustainable industrial transformation and climate action. He added that the project would support Pakistan’s energy transition, expand green sector employment, and reinforce the country’s emerging clean transport ecosystem.”
