Pakistan-China Collaborate on Solar Panel Manufacturing to Slash $27 Billion Import Bill
The government of Pakistan, along with China’s help, is planning to start making solar panels in Pakistan. This is a big step towards creating clean energy and reducing the country’s $27 billion bill for buying things from other countries.
The Alternate Energy Development Board has made a plan for the next 10 years to start making solar panels and related equipment in Pakistan. With China’s support, Pakistan aims to produce about 9.7GW of renewable energy by 2030. The government is strongly backing this idea, which is good news for businesses in this field.
During a meeting in the National Assembly, Federal Law Minister Nazir Tarar said the government wants to start making solar panels with China’s help. He also mentioned that they’re reducing taxes on solar panels and trying to stop people from stealing electricity. As electricity prices go up, more and more people are turning to solar panels. So, the government is trying to make it easier for people to generate their own electricity.
Pakistan gets a lot of sunlight, so it’s a great place for solar power. It’s also cheaper to generate electricity from solar power compared to using things like oil or gas. Prime Minister Shahbaz Sharif has formed a task force to work on solar energy projects. They want to give people tax breaks and loans to help them use solar power and fix the problem of not having enough electricity.
