New Taxes Coming! Pakistan intended to impose an 18% tax on imported solar panels

On Tuesday, Pakistani government announced the budget for the 2025 - 2026 fiscal year, intended to impose an 18% sales tax on imported solar panels. This will contribute to the development of local industries, finance Minister Muhammad Aurangzeb stated in his budget speech.

 

Due to the lack of large-scale and efficient solar manufacturing capabilities in Pakistan, the government's claim that the GST will protect local manufacturing "is fundamentally flawed". The association's president, Waqas Musa, said: "As the world is accelerating its move towards