Category: Latest News

GST on Solar Panels Slashed to 10pc Amid Budget Revisions; Provinces Retain Digital Tax Authority

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Solar-Panels

ISLAMABAD – Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday announced a major revision in the federal budget, confirming that the proposed General Sales Tax (GST) on imported solar panels has been reduced from 18% to 10% following consultations with coalition partners and stakeholders. Speaking during the National Assembly session, Dar clarified that the digital sales tax on services would remain under the jurisdiction of provincial governments, in line with the constitution. He noted that valid concerns over digital taxation were addressed through thorough engagement with stakeholders and…

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Pakistan Faces Looming LPG Shortage Amid Regional Conflict and Limited Storage

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lpg

ISLAMABAD: Chairman of the LPG Distributors Association, Irfan Khokhar, has issued a stark warning that the ongoing Iran-Israel conflict could trigger a nationwide LPG crisis in Pakistan if immediate steps are not taken to bolster storage and ensure alternative import routes. Highlighting the critical shortfall, Khokhar said Pakistan is already facing an LPG deficit, and the closure of borders amid the conflict is worsening the situation. He urged the government to urgently arrange special imports to avert a looming supply shock. He warned that the disruption could empower the LPG…

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Tarbela Dam Water Levels Drop Alarmingly, Power Generation Severely Impacted

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HARIPUR: Water levels at Tarbela Dam have plummeted to critically low levels amid an ongoing dry spell, raising serious concerns over electricity generation and irrigation needs. As of now, the reservoir stands at 1,450.85 feet, just 48 feet above the dead level of 1,402 feet, and nearly 100 feet below its full capacity of 1,550 feet. Despite all 17 power generation units being operational, electricity output has dropped sharply to only 1,413 megawatts, well below the dam’s maximum capacity of 4,888 megawatts. The inflow of water is currently 177,400 cusecs,…

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Govt Misses Water Project Spending Target for FY2024-25 Amid Implementation Delays

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Terbala-Dam

ISLAMABAD: The government is set to fall significantly short of its spending target for water sector development projects in the outgoing fiscal year 2024-25, with only Rs79.4 billion spent by May against an allocated Rs142.6 billion under the Public Sector Development Programme (PSDP). According to the Annual Plan 2025-26, the FY25 water development programme included 59 projects with a cumulative approved cost of Rs2,298.3 billion. Despite persistent implementation hurdles, efforts were made to accelerate progress. By June 2025, 23 schemes worth Rs163.5 billion are expected to be completed or closed.…

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NA Panel Rejects Taxes on Solar Panels, Hybrid Cars; Slams Anti-Environment Measures

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FBR-Tex

ISLAMABAD: In a major relief for clean energy and environment advocates, the National Assembly Standing Committee on Finance on Tuesday unanimously rejected the proposed 18% sales tax on imported solar panels and their parts. Additionally, the government also withdrew a controversial proposal to raise sales tax on hybrid vehicles up to 1800cc from 12.5% to 18%—both seen as anti-environment measures. The committee, chaired by PPP MNA and former finance minister Syed Naveed Qamar, overruled the solar tax plan during the ongoing discussion on the Finance Bill 2025. Since the National…

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