Oilboy Energy Limited has announced plans to build 70 EV fast-charging stations across Pakistan by the first quarter of 2027, funded by a Rs1 billion rights issue filed with the Pakistan Stock Exchange. The company will issue 100 million ordinary shares at Rs10 each, equivalent to 200% of existing paid up capital, with total project cost estimated at Rs1.025 billion. Each site will cost around Rs14.65 million and feature dual nozzle DC fast chargers rated between 120kW and 240kW, capable of charging two vehicles simultaneously with a typical 40kWh session taking 15 to 20 minutes.
Why it matters: This represents one of the larger private sector EV charging investments announced in Pakistan to date, signalling growing commercial confidence in the country's EV transition. The scale of the rollout and the dual nozzle, high power charger specification indicate Oilboy is positioning for fleet and inter city corridor demand, creating potential supply chain and equipment procurement opportunities across 70 sites by early 2027.