No Result
View All Result
Thursday, June 12, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Nadia Hussain

    Pakistani artists sang Indian songs at Lahore event after war: Nadia Hussain

    Sana Yousaf

    Breakthrough in Sana Yousaf Case: Federal Prosecutor appoints special team

    Areej Mohyudin

    We realize importance of parents when they pass away: Areej Mohyudin

    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Nadia Hussain

    Pakistani artists sang Indian songs at Lahore event after war: Nadia Hussain

    Sana Yousaf

    Breakthrough in Sana Yousaf Case: Federal Prosecutor appoints special team

    Areej Mohyudin

    We realize importance of parents when they pass away: Areej Mohyudin

    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

FPCCI demands sales tax exemption on solar power equipment

MM News Staff by MM News Staff
January 30, 2022

KARACHI: Khawaja Shahzeb Akram, SVP FPCCI, has demanded that the unfair and burgeoning sales tax imposition on Solar Power Equipment should be exempted for the consignments whose Letters of Credit and Bills of Lading have been opened before January 15, 2022; else, traders and companies will suffer unbearable financial losses and bankruptcy.

A huge number of solar devices import’ containers are awaiting clearance; and, importers are facing heavy demurrage charges, he added. A high-profile meeting of the Solar Power Industry leaders took place at FPCCI to discuss the issue at length. Khawaja Shahzeb Akram, SVP FPPCI, shared his deep concerns with Pakistan Solar Association (PSA)’ delegation in the presence of Mr. Irfan Iqbal Sheikh.

Mr. Muhammad Ali Mian said that since the announcement of the mini-budget, the automatic and immediate imposition of sales tax has caused the containers of solar devices to be stuck due to non-clearance as a result of unfair discrepancies. He added that imposing 17% tax on solar energy devices is totally irrational and illogical; and would, in fact, harm the objectives of transitioning to an alternative and renewable energy policy.

Representatives of the Pakistan Solar Association (PSA) said that Mr. Shaukat Tarin, Federal Minister for Finance & Revenue, in his speech on Supplementary Finance Bill 2021-22 announced that the proposal to tax solar devices has been scrapped.

However, on January 17th, while submitting the Import Goods Declarations on the FBR portal for customs clearance, it was communicated by various importers that the sales tax exemption has been abolished and the tax on solar devices has been imposed.

Khawaja Shahzeb Akram added that, at a time, when alternative and green energy sources are being aggressively promoted all over the world, it was not wise to impose sales tax on solar energy equipment in Pakistan; which will have deadly economic effects in the long-term as well.

He further said that, at present, as the only alternative to the rising prices of petrol, electricity, and gas; and, ever-increasing climatic deterioration and pollution, renewable energy sources like solar and wind power plants are being installed by the residential and industrial consumers of Pakistan.

The business community unanimously urges prime minister Imran Khan and Finance Minister Shaukat Tarin to reduce sales tax on solar devices in the wider national interest of the state and its economy; and, the sales tax imposition on the Solar Power Generation Devices and Equipment should be reviewed at the earliest, he added.

Tags: mm news
ShareTweetSendShare
Previous Post

Netizens can’t stop praising Coke Studio’s ‘Mehram’

Next Post

Speaking about sexual assault felt like ‘healing process’: Lady Gaga

Related Stories

Remittances
Business & Stock

Overseas Pakistanis send record $3.7 billion in May remittances

June 11, 2025
Tax-Free Budget
Business & Stock

Gandapur announces tax-free budget with major development projects

June 11, 2025
Budget 2025
Business & Stock

Budget 2025: Government approves Rs5 billion package for Azad Kashmir

June 11, 2025
pm shehbaz
Business & Stock

Budget 2025: No additional tax burden on common man: PM

June 11, 2025
Image: APP
Business & Stock

Bulls rule PSX as KSE-100 gains 2328 points

June 11, 2025
Maryam Nawaz
Business & Stock

Maryam Nawaz rejects proposal for new taxes in Punjab

June 11, 2025
Customs Duty
Business & Stock

Customs duty cut on thousands of tariff lines to boost export-led growth: Muhammad Aurangzeb

June 11, 2025
Make Money Online
Business & Stock

Government to impose tax on online businesses and social media earnings

June 11, 2025
Post-budget
Business & Stock

Journalists boycott Aurangzeb’s post-budget press conference

June 11, 2025
file photo
Business & Stock

PSX hits all-time high in post-budget rally

June 11, 2025
Next Post
Lady Gaga released, 'Born This Way: The Tenth Anniversary Edition' which features all of the 14 tracks of her sophomore album

Speaking about sexual assault felt like ‘healing process’: Lady Gaga

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

File photo
Health

Punjab launches virtual blood bank

by MM News Staff
June 11, 2025
File photo
Top News

Pakistan rejects irresponsible remarks of Indian minister

by MM News Staff
June 11, 2025
File photo
Technology

PTA intensifies crackdown on illegal IMEI tampering, cloned mobile phones

by MM News Staff
June 11, 2025
File photo
Film & TV

Saheefa Jabbar faces backlash for sharing bold photo on social media

by MM News Staff
June 11, 2025
File photo
Health

No summer break for medical students this year

by MM News Staff
June 11, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

representative image
Weather

PMD issues nationwide alert for extremely hot weather

by MM News Staff
June 11, 2025

The Pakistan Meteorological Department (PMD) on Wednesday issued an alert for extremely hot and...

File photo

Eidul Adha holidays: PDMA issues heatwave alert

June 5, 2025
representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
See all

Prices

representative image
Business & Stock

Gold prices in Pakistan today- 11 June 2025

by MM News Staff
June 11, 2025

The following are the current gold rates in Pakistan on Wednesday, 11 June 2025. ...

Photo credit Bloomberg

Sales tax on small cars increased to 18pc

June 10, 2025
File photo

Carbon levy on petroleum products proposed to fund green initiatives

June 10, 2025
representative image

Gold prices see significant decrease in Pakistan

June 10, 2025
See all

Transport News

representative image
Business & Stock

Karachi businessmen get license for new airline

by MM News Staff
June 11, 2025

Karachi businessmen have got a license for a new airline named Air Karachi, the...

Photo credit Bloomberg

Sales tax on small cars increased to 18pc

June 10, 2025
Motorway Police

Motorway Police issues travel advisory ahead of post-Eid traffic surge

June 10, 2025
File

Karachi Green Line BRT to receive Rs42.7 billion in PSDP 2025-26

June 9, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.