Pakistan is currently making strides toward a more sustainable future. As part of the global initiative to shift away from traditional energy sources, Pakistan has committed to the Fossil Fuel Non-Proliferation Treaty, which marks a significant step in reducing its dependency on oil, coal, and gas. This transition is not only aimed at safeguarding the environment but also at opening up new economic prospects and supporting national development. At One Homes, we are developing investment opportunities that allow overseas Pakistanis to invest in and contribute to the nation’s progress while reconnecting with their heritage.
Pakistan Joins the Global Energy Transition
Pakistan is actively participating in the global shift away from non-renewable energy sources. By signing the Fossil Fuel Non-Proliferation Treaty, Pakistan stands as the first South Asian nation to join this initiative.
Prime Minister Shehbaz Sharif has highlighted the importance of climate justice and called for stronger international cooperation at global forums like COP29. His advocacy focuses on tackling Pakistan’s climate-related challenges and encouraging affluent nations to transition to renewable energy.
The Shift to Electric Vehicles (EVs)
The country has launched the New Energy Vehicle (NEV) Policy to bolster its energy goals, aiming for 30% of all new vehicles to be electric by 2030.
Key features of the policy include:
- Subsidies: Allocating PKR 4 billion to enhance the affordability of EVs.
- Lower Costs: Offering tax incentives and financing options for buyers.
- Cleaner Air: By adopting EVs, emissions will decrease, helping to alleviate smog in urban areas.
Currently, the transport sector consumes about 30% of Pakistan’s energy, costing around $1.3 billion monthly. Transitioning to electric vehicles will reduce fuel imports, enhance air quality, and promote economic growth.
Driving Growth and Modernisation
Adopting renewable energy and electric vehicles benefits both the environment and the economy. This transition is expected to:
- Create more job opportunities in technology and manufacturing sectors.
- Attract new investments in energy and transport infrastructure.
- Result in cleaner cities and improved public health.
Experts predict these shifts will strengthen and sustain Pakistan’s economy in the future.
New Opportunities for Overseas Investors
These developments are also generating new investment opportunities for overseas Pakistanis. Improved infrastructure and a shift towards clean energy are likely to expand sectors such as real estate.
Opportunities for investing range from acquiring luxury homes to generating passive income, providing robust and reliable returns. This is an opportune time for investment as Pakistan progresses.
Winston Mall: Building Connections and Investments
Winston Mall is at the forefront of aligning real estate opportunities with Pakistan’s developmental goals. Collaborating with renowned entities like Kobi Karp, Versace, and VX Studio, Winston Mall is setting international standards in the local real estate market.
We offer secure, high-return investment properties, making it easier for overseas Pakistanis to reconnect with their heritage and contribute to the nation’s future while building personal wealth. Consider beginning your investment journey with us today!
