Advertisement
Categories: BusinessNewsPakistan

Solar Panel Prices in Pakistan Plunge to Record Low of Rs30-32 per Watt

Advertisement

Solar panel prices in Pakistan have dropped to an all-time low of Rs30-32 per Watt, marking a historic decline in the industry.

This drastic reduction is due to an oversupply in the domestic market and a global decrease in lithium battery prices, which have also lowered international solar panel costs.

International lithium battery prices have fallen by nearly 50% over the past year, significantly impacting solar panel costs in Pakistan. However, prices for dry batteries have remained stable, as importers have been slow to pass on the savings to consumers.

The solar energy sector in Pakistan has been expanding since 2023, driven by increased imports from China, rising electricity bills, and the lower cost of solar panels. The demand for net metering systems has surged nationwide.

Advertisement
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.

Recent Posts

inDrive CEO highlights Pakistan’s digital transformation through mobility and fair-tech initiatives

At the Digital Pakistan session at Davos, Arsen Tomsky, Founder and CEO of inDrive, discussed…

2 hours ago

Aga Khan University Partners with Federal Government to Upgrade National Museum of Pakistan and Safeguard Heritage

The Aga Khan University (AKU) has partnered with the Federal Ministry of National Heritage and…

3 hours ago

Pak-Qatar General Takaful IPO Oversubscribed 21x Times

Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with an historic oversubscription of 21x…

1 day ago

Mobilink Bank Achieves ISO/IEC 27001 Certification for Stronger Data Security

Mobilink Bank achieves ISO/IEC 27001:2022 certification for its robust Information Security System. Pakistan’s leading digital…

1 day ago

Google Gemini Shifts Focus to Personalized AI Assistance

Gemini learns your world, not just the web. Google is moving its artificial intelligence strategy…

2 days ago

Competition Appellate Tribunal Upholds Rs 200 Mn Fine in Banking Cartel Case

Pakistan’s Competition Appellate Tribunal has rejected appeals filed by major commercial banks and the Pakistan…

2 days ago