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Categories: BusinessNewsPakistan

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

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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.

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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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