British International Investment to fund 25% of project cost through long-term foreign currency financing, plant to create over 1,100 jobs.
Mega Motor Company (Private) Limited (MMC), the official partner of Chinese electric vehicle manufacturer BYD in Pakistan, has signed a financing agreement with British International Investment (BII) to support the construction of the country’s first large-scale new energy vehicle (NEV) manufacturing plant, according to a news report.
Under the agreement, BII — the United Kingdom’s development finance institution — will provide long-term foreign currency financing covering 25% of the total project cost.
The purpose-built facility is scheduled to commence operations in the second half of 2026. According to MMC, the plant will be equipped with automated production systems aligned with international automotive manufacturing standards.
The company said the project is expected to create more than 1,100 jobs and contribute to emissions reduction, with an estimated avoidance of 165,000 tonnes of carbon dioxide by 2034.
MMC Chief Executive Officer Aly Khan said the project represents a key step in advancing clean mobility in Pakistan and strengthening the local automotive value chain.
Stephen Priestley, Managing Director and Head of Financial Services Group and Industries, Technology and Services at BII, said the investment supports sustainable industrial transformation and climate-related initiatives.
