Hybrid vehicles to help Pakistan reduce hefty oil import bill

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A well-planned shift to Hybrid Electric Vehicles (HEVs) can help Pakistan to reduce its hefty oil import bill and decrease its current account deficit, WealthPK reports.

The current account deficit has been exacerbated by the hefty oil import bill. The import of oil is on the rise owing to an increase in demand for gasoline in the country. The transport sector is the largest consumer of oil and it can reduce the consumption of fuel by adopting modern technology.

A total of 191,237 cars were sold in the country in the current fiscal compared to 126,679 the previous financial year.