Move is aimed at promoting local manufactures of solar panel
By Web Desk
June 09, 2023
Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APP
As part of its efforts to encourage power generation through alternative energy sources in the country, the federal government on Friday proposed to abolish customs duty on solar panel, batteries and other related equipment in the budget 2023-24.
The move is aimed at promoting local manufactures of solar panel and encouraging the use of solar energy in the country.
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In the finance bill, the government proposed to exempt inverters, batteries and other related equipment from the duty.
Finance Minister Ishaq Dar presented the federal budget for the fiscal year 2023-24 with a total outlay of more than Rs14 trillion as the country goes through severe economic and political crises.
Here are the relief measures
Increase in BISP allocation from Rs400 billion to Rs450 billion
Targeted subsidy on wheat flour, ghee, pulses, rice through USC
Increase in salaries of civil servants in the form of Ad-hoc Relief Allowance
Increase in rates of following allowances
Daily and mileage allowance
Additional charge current charge allowance
Orderly allowance
Special conveyance allowance for disabled
Increase in pension and increase in minimum pension to Rs12,000
Minimum wage increase from Rs25,000 to Rs30,000 in ICT Loan write-off scheme for widows
Health insurance card for working journalists and artists