Category: Popular News

PSA Urges Government to Withdraw Proposed 18% GST on Imported Solar Panels

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soalr energy

Islamabad, June 11, 2025 — The Pakistan Solar Association (PSA) has voiced strong opposition to the proposed imposition of an 18% General Sales Tax (GST) on imported solar panels, as outlined in the Federal Budget 2025–2026. In a formal representation submitted to the Ministry of Power, PSA cautioned that the move could significantly derail Pakistan’s progress in renewable energy adoption at a critical juncture. According to PSA, the imposition of this tax risks reversing the positive momentum built over the past several years, which has enabled widespread access to clean,…

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Salaried class get mild relief in taxation

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Tax

In the recent budget announced by Muhammad Aurangzeb, it has been advised to decrease the tax rate levied on the salaried class of the country. It was expected that the decrease in the tax rate would be much higher, however, the suggestions that have been made leave much to be desired.  Under the taxation policy proposed, it has been suggested to keep annual income below Rs 6 lakh untouched. This means individuals earning less than Rs 50,000 per month are exempt from income tax. In terms of the next slab,…

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China’s May crude imports at 4-mth low amid widespread refinery maintenance

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opec

China’s crude oil imports fell in May to their lowest daily rate in four months, data showed on Monday, as planned maintenance work at both state-owned and independent refiners picked up. May imports in the world’s largest crude buyer totalled 46.6 million metric tons, equivalent to 10.97 million barrels per day (bpd), according to data from the General Administration of Customs. The volume dropped by 3% compared with 48.06 million tons in April, and also fell 0.78% from May 2024. In the first five months of 2025, China imported 229.61…

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Jul–Mar power usage down 3.6pc

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power

ISLAMABAD: Pakistan’s electricity consumption has declined by 3.6 per during the first three quarters (July–March) of FY 2024-25 due to variety of reasons, including subdued industrial activity and consumers financial position. According to the Economic Survey 2024-25, during July-March FY 2025, total electricity consumption in Pakistan stood at 80,111 GWh, compared to 83,109 GWh in the corresponding period of FY 2024, reflecting a 3.6 percent decline in electricity usage. This contraction may be attributed to ongoing energy conservation measures, elevated power tariffs, off-grid solar solutions, and subdued industrial activity. The…

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July-March of FY2025: Significant cut in crude oil, gas extraction recorded

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Oil falls

ISLAMABAD: A significant decrease in domestic crude oil and natural gas extraction has been recorded during the first nine months (July-March) of the current fiscal year 2025, according to the recently released Pakistan Economic Survey 2024-25. The crude oil extraction dropped by 14.8 percent, while natural gas production declined by 6.8 percent on year to year basis. “With no significant new discoveries, the country relied heavily on Re-gasified LNG (RLNG), imports to meet domestic demand, especially for the power and industrial sectors,” the survey stated. From July to March in…

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