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Pakistan’s Largest Province To Provide Interest Free Loans For Electric Bikes And Rickshaws In Fight Against Pollution

admin-augaf by admin-augaf
January 10, 2024
in Business, Finance
Reading Time: 1 min read
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Pakistan’s Largest Province To Provide Interest Free Loans For Electric Bikes And Rickshaws In Fight Against Pollution
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Lahore January 9 2024: Government of Punjab, the largest province of Pakistan, to provide interest free loans for electric bikes and auto rickshaws to fight pollution, announced by Chief Minister Monis Naqvi.

“The possibility of offering interest-free loans is facilitated with the support of the Bank of Punjab,” he mentioned.

Naqvi emphasized, “We must transition the existing fleet of fuel-consuming vehicles to electric ones and remain steadfast in our commitment to the widespread adoption of electric bikes.”

Lahore, the cultural capital of Pakistan, unfortunately, grapples with the dubious distinction of being the most polluted city in the country. The city, known for its rich history, vibrant bazaars, and Mughal architecture, now faces a severe environmental challenge that poses risks to the health and well-being of its residents.

Air pollution in Lahore has reached alarming levels, primarily driven by vehicular emissions, industrial activities, and the burning of crop residues in nearby agricultural areas. The thick blanket of smog that envelops the city during the winter months has become a notorious annual occurrence, leading to reduced visibility, respiratory issues, and an overall decline in air quality.

The rapid urbanization and industrialization in and around Lahore have contributed significantly to the degradation of the environment. The unchecked growth of industries, coupled with a surge in the number of vehicles on the roads, has resulted in elevated levels of pollutants such as particulate matter, nitrogen dioxide, and sulfur dioxide.

Tags: Electric
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