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Home Uncategorized

Power Division’s denial of fixed tax on solar power

Editor by Editor
April 28, 2024
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Power Division’s denial of fixed tax on solar power

Power Division’s denial of fixed tax on solar power

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On one hand Prime Minister (PM) Shehbaz Sharif has departed on a two-day visit to Saudi Arabia on Saturday (today) to attend a two-day special meeting of the World Economic Forum on Global Collaboration, Growth and Energy for Development in Riyadh which is all about Green Energy, which means getting rid of carbon emitting ways for electrcity generation, and on the other hand comes the unwarranted news about taxing the solar panel users. What a contrast, what a pathetic politics.

The reports of taxation on solar panels for residential or commercial purposes shocked everyone but now the government has responded to these reports.

Amid the contrasting reports, Power Division turned down reports about fixed tax on solar power. calling it misleading.
Remaining Time -7:41

Power Division clarified that no official proposal has been submitted to the federal government for the imposition of a fixed tax on solar power. It also mentioned currently subsidy of Rs 1.90 per unit is burdening around 30 million underprivileged consumers.

It said if this subsidy continues, these consumers may face an additional burden of at least Rs 3.35 per unit. The Division said the growing trend in solar panels was aimed to promote alternative energy sources.

Power Division further clarified that government is evaluating system and considering amendments to protect the poor from further financial strain.

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