Pakistan is set to save nearly $1 billion annually after its nationwide transition toward electric vehicles (EVs), according to the Ministry of Industries and Production. The shift aims to cut dependency on imported oil while promoting cleaner, sustainable transportation. This initiative marks one of the country’s most ambitious energy reforms, designed to stabilize the economy…
In a decisive move, Prime Minister Shehbaz Sharif has halted the government’s latest attempt to replace Pakistan’s existing solar net metering system with a gross billing model. This marks the third time such a proposal has been blocked before reaching cabinet approval. Net metering allows solar energy users to sell excess electricity back to the…
In a significant move for Pakistan’s renewable energy sector, the Directorate General of Customs Valuation in Karachi has issued a new ruling revising the customs values of imported solar panels. According to Valuation Ruling No. 2012/2025, the latest import value for solar panels has been set at between US $0.08 and $0.09 per Watt, aligning…
The Government of Pakistan is preparing to overhaul its solar energy policy by replacing the current net-metering system with gross metering. This move will impact new solar power adopters, who will no longer be able to offset their electricity bills with the energy they produce. Instead, under the gross metering model, all solar-generated electricity will…
In a significant policy shift, the Economic Coordination Committee (ECC) of Pakistan has approved amendments to the solar net metering framework, leading to increased costs for solar energy consumers. The buyback rate for surplus solar electricity has been reduced by one-third to Rs 10 per unit, and net billing has been discontinued Key Changes Reduced…
