Pakistan, Aug. 6 -- The Economic Coordination Committee (ECC) of the Cabinet approved on Tuesday a summary regarding the implementation of a subsidy scheme to promote the adoption of electric bikes and rickshaws/loaders to citizens of Pakistan, the Finance Division said.

The ECC met under the chairmanship of Finance Minister Muhammad Aurangzeb, who joined the proceedings virtually. The meeting deliberated on several key economic matters, including the rollout of a new energy vehicle policy, extension of grants-in-aid for Quaid-i-Azam University, and approval of a technical supplementary grant related to the Telegraphic Transfer Charges Incentive Scheme.

"The committee considered and approved a summary submitted by the Ministry of Indust...