Power Minister confirms no tax on solar net metering

News Image

By MG News | May 16, 2024 at 10:26 AM GMT+05:00

0:00

May 16, 2024 (MLN): Minister for Power Awais Leghari on Wednesday ruled out any plans of the government to impose taxation on solar net metering, according to the Information Ministry's latest update.

Talking to a private news channel, he said that the government will not withdraw its regulations related to net metering for already installed solar systems.

He said net metering is a billing tool that allows consumers to send excess energy generated by solar panels to the local grid in exchange for credits to monthly electric bills.

He urged people to resort to solar power to reduce the load on the power generation system.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,575.00 110,265.00
108,625.00
360.00
0.33%
BRENT CRUDE 70.35 70.71
69.61
0.20
0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.60 68.94
67.70
0.27
0.40%
SUGAR #11 WORLD 16.55 16.61
16.08
0.42
2.60%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

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