Saturday, June 7, 2025
-Advertisement-

No New Duties on Solar Panels, Says PM Sharif

- Advertisement -

Prime Minister Shehbaz Sharif announced on Tuesday that no new duties will be imposed on solar panels to ensure the accessibility of renewable solar energy for the general public.

“We will make low-cost renewable solar energy available to every citizen,” he stated while presiding over a federal cabinet meeting in Islamabad.

He further emphasized the government’s plans to boost the economy, particularly by increasing exports through the development of small and medium-scale industries. “The privileges of the elites over the country’s resources will be abolished,” he added.

- Advertisement -

The prime minister highlighted that the economic security of common people and providing equal development opportunities are among the government’s top priorities.

To promote the domestic solar panel industry, the federal government has decided to offer tax concessions on the import of raw materials and components used in the manufacturing of solar panels, inverters, and batteries.

During his budget speech on June 12, Finance Minister Muhammad announced tax incentives for the local production of solar panels, inverters, and batteries to reduce the country’s dependence on imported solar panels and conserve precious foreign exchange.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Bank Alfalah partners with IBA and PAQI to launch Karachi’s first scientific Emissions Inventory Report

Marking World Environment Day, Bank Alfalah, in collaboration with...

Serving humanity for Allah SWT, mission leads to eternal success: Haji Masood Parekh

Governor Sindh Muhammad Kamran Khan Tessori reaffirmed his commitment...

US Tech Fund commits $10 million to 2 Pakistani IT entrepreneurs 

Pakistan's two IT entrepreneurs-- Mehwish Salman Ali and Malik...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!