Sialkot, January 21, 2022 (PPI-OT):Mian Imran Akbar, President Sialkot Chamber of Commerce and Industry in a press statement has expressed extreme concern over recent imposition of GST Tax on Solar Inverters and related Equipment’s by the Government of Pakistan and said that imposition of such tax on Solar inverters and related equipment creates a great hindrance in achieving target of acquiring 30% share of renewables in the energy mix by the 2030.

He further said that increase in prices of solar systems / equipment is taken as a threat to the progress of renewable energy sector to how negative impact on the future of renewables in the country. To save the national economy from current crisis, the country needs to increase exports and earn foreign exchange for which cheaper renewable energy source are required. No doubt the solar equipment’s import is an effective import substitution mechanism as solar equipment is imported one time, but thereafter, electricity is generated locally for the life of the equipment.

Large numbers of the export industrialist of Sialkot have been running their production units through energy produced through solar panel. The President Sialkot Chamber demanded the Government of Pakistan to reconsider the decision to levy Sales Tax on Solar Panels and related equipment and restore previous system.

For more information, contact:
Sialkot Chamber of Commerce and Industry (SCCI)
Shahrah-e-Aiwan-e-Sanat-o-Tijarat, Sialkot – 51310, Pakistan
Phone: +92-52-4261881-3
Fax: +92-52-4268835, +92-52-4267919
E-mail: sialkot@scci.com.pk
Website: http://www.scci.com.pk