However, we have good news for the people who want to buy the motorbike in easy installments.

The Bank Al Falah offers its customers to purchase the bike at 0% markup in easy six-month installments. The customers will have to pay Rs26,317 monthly installment.

Further details can be learnt from the web page of the bank.

On the other hand, the project to provide 20,000 motorbikes to students under the “Chief Minister Youth Initiative” has been launched across the province.

The registration process to get the electric and petrol bikes in easy installments has been started. In the first phase, 19,000 petrol bikes and 1,000 electric bikes will be provided to students across the province.

The Punjab government will pay a subsidy of Rs1 billion to provide interest-free bikes to the students. It will also pay Rs20,000 worth of down payment on behalf of the students.

The Punjab government will also pay the markup on monthly installments of the bikes. Male and female students will have to pay Rs11,676 and Rs7,325 worth of monthly installments, respectively.

In the first phase, electric bikes will be given in Faisalabad, Multan, Bahawalpur, Rawalpindi, and Lahore. The bikes will be given in proportion to the population in each district.

The last date for submitting applications to get bikes is April 29, 2024. Applicants must be students of graduate colleges and public or private universities.

To get the bikes in easy installments, the age of the student should be above 18 years, and a driving license or learner permit is mandatory. Students can apply till April 29 at bikes.punjab.gov.pk.