The Complete PAVE EV Partner Banks List 2025 has been officially announced by the government to help citizens apply for subsidized electric motorcycles, rickshaws, and loaders. This program is part of the Pakistan Accelerated Vehicle Electrification (PAVE) scheme, which aims to make eco-friendly transport affordable for everyone. By working with leading banks across the country, the government has made it easier for people to get loans, process subsidies, and start using electric vehicles without unnecessary delays.
Unlike older systems where applicants had to face long queues and manual paperwork, now the entire process is simple. People can register online, select their preferred bank from the official partner list, and smoothly complete their financing. With trusted institutions like NBP, BOP, HBL, UBL, Meezan Bank, and many others on board, the scheme ensures transparency, convenience, and financial security for applicants across Pakistan.
Read More: PAVE Scheme 2025 Two Wheelers Electric Bike
Table of Contents
Why Partner Banks Matter in the PAVE EV Program
Partner banks are the backbone of this scheme. Without them, it would be very hard for citizens to get loans, verify documents, or receive government subsidies. The banks not only provide financing but also make sure that the subsidy is directly adjusted in the applicant’s account.
Here’s why these banks are so important:
- Smooth loan disbursement and fast processing.
- Easy installment plans for e-bikes, rickshaws, and loaders.
- Transparent and timely subsidy adjustment.
- Digital and branch support across Pakistan.
- Islamic financing available through selected banks.
Complete PAVE EV Partner Banks List 2025
| Bank Name | Coverage |
| National Bank of Pakistan (NBP) | Nationwide |
| Bank of Punjab (BOP) | Punjab & Nationwide |
| Sindh Bank | Sindh |
| Bank of Khyber (BOK) | KPK |
| Allied Bank Limited (ABL) | Nationwide |
| Askari Bank Limited | Nationwide |
| Bank Alfalah Limited | Nationwide |
| Habib Bank Limited (HBL) | Nationwide |
| JS Bank Limited | Nationwide |
| MCB Bank Limited (MCB) | Nationwide |
| Soneri Bank Limited | Sindh & Punjab |
| United Bank Limited (UBL) | Nationwide |
| Meezan Bank Limited | Nationwide |
| Bank Islami Pakistan Limited | Nationwide |
| Al Baraka Bank (Pakistan) Limited | Nationwide |
| Faisal Bank | Nationwide |
| SAMBA Bank Limited | Nationwide |
How to Apply for PM E-Bike and Rickshaw Scheme
Applying for the subsidy is simple and applicant-friendly. Here are the main steps:
- Visit the official portal pave.gov.pk
- Fill in the online application form with your CNIC and personal details.
- Choose your preferred partner bank from the list.
- Attach required documents (CNIC, income proof, address, guarantor if needed).
- The selected bank will verify and process your loan application.
- Once approved, the subsidy will be applied, and you will pay the remaining cost in easy installments.
Read More: pave.gov.pk Online Apply
PAVE Regional Coverage of Partner Banks
| Province | Available Partner Banks |
| Punjab | BOP, ABL, HBL, UBL, Meezan Bank, MCB |
| Sindh | Sindh Bank, Bank Alfalah, JS Bank, Soneri Bank, Al Baraka Bank |
| Khyber Pakhtunkhwa | Bank of Khyber, Askari Bank, HBL, UBL |
| Nationwide | NBP, HBL, UBL, Meezan Bank, MCB |
Benefits of PAVE EV Program with Partner Banks
By applying through partner banks, applicants enjoy:
- Subsidy of Rs. 80,000 on e-bikes and Rs. 400,000 on e-rickshaws/loaders.
- Easy installment financing with low monthly payments.
- Nationwide branch and digital support.
- Islamic financing options for those who prefer Shariah-compliant loans.
- Secure, transparent, and fast subsidy transfer.
This program especially benefits students, delivery riders, women, and small business owners who cannot afford heavy upfront costs.
Read More: Eligibility Criteria for PAVE Scheme
Final Thoughts
The Complete PAVE EV Partner Banks List 2025 proves that the government is serious about promoting green transport in Pakistan. With top banks offering easy loans, installment plans, and transparent subsidy adjustments, this scheme has become much more reliable and accessible.
If you are planning to buy an electric motorcycle, rickshaw, or loader, now is the right time to apply. Just visit the official portal, select a bank that suits your region, and start your journey towards eco-friendly and affordable transport.
Read More: Required Documents for PAVE Scheme
FAQs
1. How many banks are part of the program?
A total of 17 partner banks are included.
2. Can I choose any bank?
Yes, applicants can select any bank from the list depending on their region.
3. Do all banks offer Islamic financing?
No, but Meezan Bank, Bank Islami, and Al Baraka Bank provide this option.
4. What documents are required?
CNIC, proof of income, address, and sometimes a guarantor.
5. Is the subsidy available for both bikes and rickshaws?
Yes, Rs. 80,000 subsidy for e-bikes and Rs. 400,000 for e-rickshaws/loaders.
6. Can I apply online?
Yes, the registration starts at pave.gov.pk, but loan processing may require a visit to your selected bank.
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