The federal government has proposed tax, import and duty concessions on solar panel raw materials in the budget for the financial year 2024-25. Finance Minister Muhammad Aurangzeb, while presenting the budget, said that the machinery, plant and related equipment used in the manufacture of solar panels and the import of raw materials used in the manufacture of solar panels and inverters and batteries will be exempted from duties and taxes. Going to give.
He said that with this initiative, the country’s local requirement of solar can be met and it can also be exported. He said that the aim of this move is to reduce dependence on imported solar panels and save valuable foreign exchange. It should be noted that the federal government has allocated 253 billion rupees for the energy sector.
