Published May 13, 2026 Updated about 2 hours ago KARACHI: Millat Tractors Limited (MTL), one of Pakistan’s leading tractor manufacturers, has announced plans to enter the country’s emerging electric mobility sector through a strategic partnership with a Chinese electric bike manufacturer, marking a significant diversification move beyond its traditional agricultural machinery business. In a material information disclosure submitted to the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP), the company said a subsidiary of Millat Tractors had signed a Memorandum of Understanding (MoU) with a leading Chinese electric bikes (E-Bikes) manufacturer for the assembly, manufacturing and marketing of electric bikes in Pakistan. The development signals Millat Group’s formal entry into Pakistan’s fast-evolving electric vehicle (EV) market, as the country moves toward cleaner and more energy-efficient transportation under the government’s recently introduced electric vehicle policy framework. According to the company, the collaboration is aimed at establishing local capabilities for the assembly and manufacturing of electric bikes, while also developing a nationwide marketing network to cater to growing consumer demand for affordable and environmentally sustainable transport solutions. Analysts said the agreement is aligned with the Government of Pakistan’s National Electric…