The federal government has made a major proposal to promote domestically manufactured solar panels in the budget for the fiscal year 2025-26, under which it has been decided to impose an 18% sales tax on imported solar panels.
According to the budget document, this move is being taken to level the playing field between domestic and imported solar panels, so that the solar panel manufacturing industry in Pakistan can be supported and the production of renewable energy equipment at the local level can be promoted.
Officials say that the local industry was under pressure due to cheap imports in the global market, due to which small and medium-sized manufacturers manufacturing solar panels in Pakistan were facing difficulties.
Through this proposal, the government is trying to increase employment opportunities and reduce import dependence while protecting the local industry.
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