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Tag Archives: solar panels

Solar panels can store energy in a few microseconds from sun

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NEW YORK: A new technology developed by scientists at University of California, Los Angeles (UCLA) can store solar energy for up to several weeks; an advance that could change the way scientists think about designing solar cells. The materials in most of today’s residential rooftop solar panels can store energy from the sun for only a few microseconds at a ... Read More »

Sales tax, duty to stay on import of solar power panels  

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ISLAMABAD: A high-level meeting chaired by Finance Minister Ishaq Dar regarding solar panels decided the duty and sales tax regime applicable to an industry that does not have local production will be applicable to solar panels as well. Senior representatives of the Ministry of Industries & Production, Engineering Development Board, FBR and Ministry of Finance had detailed deliberations on the ... Read More »

Circular debt – again  

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Circular debt is the money which various government departments owe to PEPCO as electricity charges. When the government departments do not pay for the power they use, PEPCO fails to pay to various power producing units from where it purchases electricityand the power producing units cannot pay to oil companies to purchase fuel. This creates a circle of debt which ... Read More »

Govt to impose 5% tax on Solar Panels by September

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ISLAMABAD: The federal government has been planning to impose 5% tax on import of solar panels and related equipment by September this year. However, Parliamentary Secretary for Finance, Revenue, Economic Affairs, and Statistics & Privatization Rana Muhammad Afzal Khan said that government has not yet imposed any tax on solar panels import but it is expected after completion of assessment ... Read More »