The Ministry of Energy’s Power Division (MEPD) on Saturday rubbished reports circulating of an imposition of a fixed tax on solar power installations, according to state-run Radio Pakistan.

Rumours circulating on social media said that the Central Power Purchasing Agency urged the government to tax residential and commercial users of solar power with the suggestion of a Rs2,000 per kilowatt tax.

Radio Pakistan reported that a statement from the Power Division said there was “no truth” to the news of fixed tax for solar power users, adding that neither the Central Power Purchasing Agency nor the division had sent any such summary to the government.

The power division said the Net Metering Policy of 2017 was aimed at promoting alternative energy in the system but there was a phase where solarisation had increased very rapidly.

The division said such proposals and amendments were being considered to save the poor from further burden and affirmed the protection of the investment of 150,000 to 200,000 net metering consumers.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Budget for stabilisation
Updated 13 Jun, 2024

Budget for stabilisation

The proposed steps lack any “disruptive policy changes", especially to "right-size" the govt, and doubts remain on authorities' ability to enforce new measures.
State of the economy
13 Jun, 2024

State of the economy

THE current fiscal year is but another year lost. Going by the new Pakistan Economic Survey, which maps the state of...
Unyielding onslaught
Updated 13 Jun, 2024

Unyielding onslaught

SEVEN soldiers paid the ultimate price in Lakki Marwat on Sunday when their vehicle was blown up in an IED attack,...
X diplomacy
Updated 12 Jun, 2024

X diplomacy

Both states can pursue adversarial policies, or come to the negotiating table and frankly discuss all outstanding issues, which can be tackled through dialogue.
Strange decisions
12 Jun, 2024

Strange decisions

THE ECP continues to wade deeper and deeper into controversy. Through its most recent decision, it had granted major...
Interest rate cut
Updated 11 Jun, 2024

Interest rate cut

The decision underscores SBP’s confidence that economic stability is gaining traction.