- Government reduces GST on solar panels from 18% to 10%
- Announcement made by Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar
- Decision followed consultations with coalition partners, FBR, and stakeholders
- Initial 18% GST proposal raised concerns among environmentalists and industry
- 54% of solar components already taxed under existing regime
- Reduction aims to support clean energy adoption and ease affordability
- Move aligns with government’s climate resilience strategy
- Digital sales tax to remain under provincial jurisdiction
- Continued funding for a new university in Sindh announced
- PPP MNA Syed Naveed Qamar praised the tax reduction
- Adjustment seen as positive for local solar industry and public concerns
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
