Government Makes Major Decision to Reduce Tax on Solar Panels Following Public Demand

Islamabad: In a significant move aimed at addressing public demands, Deputy Prime Minister and Foreign Minister Senator Ishaq Dar announced that the government has decided to reduce the tax on solar panels from 18% to 10%. The announcement was made during a session in the Senate.
Ishaq Dar explained that 46% of the material used in solar systems is imported, and this reduction in tax would make solar energy more affordable and accessible for the people. He further assured that the country’s economy is steadily improving, and the government has revisited certain proposals regarding the budget.
“There was a misunderstanding regarding digital taxes. Sales tax on digital services will be the jurisdiction of the provinces,” Dar clarified, addressing concerns about the digital tax policy.
Additionally, Dar revealed that the government has decided to allocate more funds for universities in Sindh, emphasizing the importance of higher education. He also mentioned that the four provinces would be completing the PIDCL (Pakistan Industrial Development Corporation Limited) projects, noting that it will serve as a replacement for the PWD (Public Works Department).
Regarding the International Monetary Fund (IMF), he mentioned that discussions are ongoing to tackle revenue losses and stabilize the economy.
The Deputy Prime Minister also shared that consultations with government allies on the budget are ongoing, with over six meetings held in the past day.
On the international front, Dar highlighted a joint statement released by more than two dozen OIC (Organization of Islamic Cooperation) countries condemning Israel’s recent attacks on Iran, showcasing solidarity with Iran in the region.