Pakistan to incentivize local battery energy storage production

News Image

MG News | August 05, 2026 at 01:03 PM GMT+05:00

August 05, 2026 (MLN):  The government is finalizing a fresh policy framework aimed at promoting indigenous manufacturing of battery energy storage systems (BESS) in Pakistan, offering incentives to local producers and reducing reliance on imported solutions as the country accelerates its clean energy transition.

Minister for Power Sardar Awais Ahmad Khan Leghari stated this while addressing the Solar Storage Flexibility 2026 Conference in Islamabad, adding that the policy is being developed by the Ministry of Industries and Production and will soon be finalized, said a press release issued.

The Minister said Pakistan intends to build domestic expertise in the design and integration of battery energy storage systems, rather than depending solely on imported technology.

He stressed that universities have a critical role to play in producing skilled human resources capable of servicing, maintaining, and eventually manufacturing battery systems within the country.

Highlighting the progress made in the power sector, Sardar Awais Leghari noted that nearly 55% of Pakistan's electricity generation is currently sourced from clean energy.

He said the government has set an ambitious target of raising the share of clean energy in the overall mix to 90% by 2035.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,153.17
162.52M
0.16%
268.58
ALLSHR 103,477.03
691.59M
0.17%
179.80
KSE30 50,901.99
58.56M
0.04%
18.99
KMI30 243,765.66
75.35M
0.26%
626.41
KMIALLSHR 67,087.03
368.61M
0.16%
107.81
BKTi 47,614.72
15.03M
-0.06%
-27.39
OGTi 34,853.92
4.57M
-0.80%
-282.58
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 86,700.00 86,950.00
86,380.00
110.00
0.13%
BRENT CRUDE 100.02 104.90
98.98
-3.85
-3.71%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
6.10
4.92%
ROTTERDAM COAL MONTHLY 138.50 0.00
0.00
1.45
1.06%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 92.14 92.18
91.75
-0.23
-0.25%
SUGAR #11 WORLD 18.38 18.60
18.15
0.14
0.77%

Chart of the Day


Latest News
September 21, 2026 at 04:52 PM GMT+05:00

Auto assemblers accelerate profit growth in FY26


September 21, 2026 at 04:25 PM GMT+05:00

Pakistan set to receive second Qatari LNG cargo in September


September 21, 2026 at 04:03 PM GMT+05:00

PSX Closing Bell: A Mild Upswing


September 21, 2026 at 03:53 PM GMT+05:00

Bitcoin closes in on $85,000 as bears get forced out



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg