Govt proposes 18% tax on imported solar panels

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

Add Mettisglobal as a Trusted Source on Google

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	167,325.26 108.06M	-0.07% -116.64
ALLSHR	101,117.40 305.18M	-0.15% -155.10
KSE30	49,841.71 50.26M	-0.28% -142.15
KMI30	240,584.47 78.15M	0.07% 166.32
KMIALLSHR	65,592.52 185.36M	0.06% 38.66
BKTi	46,228.77 7.51M	-0.60% -281.04
OGTi	34,016.81 4.17M	-0.14% -49.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	82,750.00	82,940.00 81,750.00	800.00 0.98%
BRENT CRUDE	102.84	104.09 102.33	-1.44 -1.38%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.75 0.59%
ROTTERDAM COAL MONTHLY	143.40	143.40 143.40	-1.15 -0.80%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	90.62	91.41 90.01	-0.87 -0.95%
SUGAR #11 WORLD	20.40	20.41 20.10	0.25 1.24%