The Special Investment Facilitation Council (SIFC) will meet with the Commerce Ministry, the Federal Board of Revenue (FBR), and the Ministry of Industries and Production to finalize incentives for PV solar manufacturing for the Tariff Policy Board (TPB).
This was decided at a meeting chaired by Additional Secretary, Ministry of Industries and Production Sarah Aslam. Representatives from M/s Sinotec Solar (Pvt) Ltd, Power Division, Commerce Division, Board of Investment (BoI), FBR, SIFC, and other departments also attended the meeting, reported Business Recorder.
After a thorough discussion, it was decided that two lists, one already approved by the TPB and the other additional items (machinery and input items) requested by the Company for duty exemptions on their imports, would be prepared by the Engineering Development Board (EDB).
A cost-benefit analysis of the Company’s subject investment will be done, taking into account the cost of imported panels and panels that will be exported and sold locally.
EDB will also identify localized items with sufficient capacity from the Company’s list for duty and tax exemptions. Furthermore, a comprehensive cost and benefit analysis of the Company’s investment will be conducted, considering both the cost of imported panels and those manufactured by the Company, resulting in both export and local sales.
EDB’s evaluation will assess the value addition by the Company in the local manufacturing of solar panels. This evaluation will be shared with the SIFC working group in its next meeting for finalizing recommendations to TPB.
All powerful SIFC wants to promote and facilitate Solar and renewable energy options whereas on the other hand FBR is harassing solar vendors to increase price despite all time low prices in international market and strong Pakistani currency against dollar..
Some decision maker from SIFC kindly take note..
There appear no logic in blaming that FBR is harassing solar vendors for increasing price. Please come on with real reasons if it’s is true. A few days earlier, there was a news involving around import of solar panels. Please clear the fac5s
You can’t never compete with China… They have the cheapest panels. China does not beg for gas imports to run industry. Pakistan has no gas to run industry. This will all end up like textile industry which needs subsidized gas and electricity to run
Remember .. Pakistan has no gas to run industry. This will all end up like textile industry which needs subsidized gas and electricity to run
If we have gas for ceramic tiles factories, we will supply gas to solar pannel manufacturers. If there is shortage of gas, supply to ceramic tiles factories will be stopped first.
Hellow Next Week solar Rate Increase Or Decrease please Guide
Hopefully, local manufacturing of solar pannels will bring pannel prices to lower side.
Dear please guide about rate for next week increase or decrease?