Govt proposes 18% tax on imported solar panels

MG News | June 11, 2025 at 10:55 AM GMT+05:00

0:00

June 11, 2025 (MLN): In a move to promote local industry, the federal government has proposed an 18% sales tax on imported solar panels in the Budget 2025–26.

The measure, unveiled by Finance Minister Muhammad Aurangzeb during the budget presentation in the National Assembly on Tuesday, aims to support domestically manufactured solar panels by creating a level playing field between local and imported products.

The minister stated that this step is designed to boost Pakistan’s domestic solar industry, which has struggled to compete with low-cost foreign alternatives.

The initiative also forms part of a broader effort to resolve long-standing distortions in the sales tax system and ensure greater fairness across all sectors.

The imposition of the tax is also expected to increase the price of imported panels, encouraging a shift toward locally made alternatives.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,691.08 204.73M	-3.16% -5478.63
ALLSHR	100,605.79 452.28M	-3.22% -3347.16
KSE30	51,327.62 101.29M	-3.23% -1715.27
KMI30	234,255.58 78.63M	-3.57% -8675.81
KMIALLSHR	64,318.37 208.70M	-3.29% -2188.72
BKTi	49,641.17 44.27M	-2.78% -1417.38
OGTi	33,066.33 11.03M	-3.20% -1093.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,185.00	67,760.00 64,325.00	-1640.00 -2.42%
BRENT CRUDE	71.88	71.96 70.69	0.12 0.17%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.60	66.67 65.38	0.12 0.18%
SUGAR #11 WORLD	14.05	14.10 13.78	0.18 1.30%