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Importers hastily raise prices of solar power systems

18 1
friday
KARACHI: A worker at a shop arranges solar panels on Wednesday. According to Topline Securities, the country imported $2 billion worth of solar panels in FY24. The imposition of 18pc sales tax can easily fetch Rs100bn in revenues in FY26, assuming a same run rate of imports.—AFP

KARACHI: Shopkeepers have raised the prices of solar panels, even though the government’s decision to impose an 18 per cent sales tax on solar panel imports will take effect on July 1, pending the formal approval of the budget before the end of the year.

Traders at Regal Chowk in the Saddar area blamed importers for raising prices. They said many consumers appeared upset over the sudden price shock after the budgetary measure, while some customers made the purchases amid uncertainty in prices.

They said many families who came to buy solar........

© Dawn Business