IMF never demanded tax on solar panels, clarifies Aurangzeb
Key takeaways
- Add ARY News on Google AAResize Finance Minister Muhammad Aurangzeb said International Monetary Fund (IMF) never demanded to increase sales tax on solar panels.
- Speaking in ARY News program Aitraz Hai, he dismissed reports suggesting that the government had considered imposing taxes on solar panels before the budget.
- Read more: Solar panels, inverters, lithium batteries’ prices surge ahead of budget
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Finance Minister Muhammad Aurangzeb said International Monetary Fund (IMF) never demanded to increase sales tax on solar panels.
Speaking in ARY News program Aitraz Hai, he dismissed reports suggesting that the government had considered imposing taxes on solar panels before the budget. “The matter was never under discussion, nor was there any such demand from the IMF,” he said.
Aurangzeb further said the government is pursuing a series of structural reforms in the energy sector aimed at reducing electricity costs, improving the business environment, and enhancing the competitiveness of key industries, a federal minister said during a media interaction.