Friday, May 24, 2024

Govt to Impose Tax on Solar Panel Users

Reports indicate that the Central Power Purchasing Agency (CPPA) has put forth a proposal to levy a tax on individuals utilizing solar panels for residential or commercial purposes in Pakistan.

According to insider sources, the CPPA suggests imposing a tax of Rs 2,000 per kilowatt on users installing 12 kilowatts or more of solar panels for both residential and commercial applications.

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The proposal, now awaiting final approval, has been forwarded to Prime Minister Shehbaz Sharif after being reviewed by the Ministry of Energy (Power Division).

If approved, consumers installing 12 kilowatt solar panels would be subject to a tax of Rs 24,000. Concurrently, the federal government is exploring options to potentially reduce the prices of solar panels as part of broader considerations.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

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