Incentives likely for solar panel making, net-metering

The government may provide some incentives to encourage local assembly of solar panels in the budget 2024-25. Pakistan Solar Association (PSL) Senior Vice-President Mohammad Zakir Ali, who was part of Prime Minister Shehbaz Sharif’s recent delegation to China, said, “I do not think the government will impose any new taxes and duties on solar panels, which already have zero per cent general sales tax. Only inverters carry 18pc GST.” He said the government has been trying to lure Chinese manufacturers of different products to relocate their units in Pakistan after reports of some restrictions or curbs imposed on China by various countries.