ISLAMABAD The Federal government of Pakistan decided on Wednesday to include a discount on solar panels in the budget for the financial year 2024–25 with the goal of promoting green energy in the country, as reported by ARY News.
The federal government announced offering discounts on solar plants, machinery, batteries, raw materials, and other related components used in the local manufacturing of solar panels in an effort to meet the necessary demand in the market and reduce reliance on the import of solar panels, thereby saving significant foreign exchange.
It was decided to eliminate the sales tax, concessional rates, and exemptions during the fiscal year 2024–2025, according to the budgetary document that was made public here on Wednesday.
