Budget 2024-25: Pakistan Slashes Import Costs
The government has unveiled a budget plan that includes a discount on importing raw materials needed to produce solar panels,
Photo by Hexzain / Shutterstock. Solar adoption in Pakistan resulted from a “perfect storm” of supply and demand. On the demand side, an unprecedented hike in electricity tariffs — up 155% in just three years — rendered grid power unaffordable for many people and businesses.
Solar adoption in Pakistan resulted from a “perfect storm” of supply and demand. On the demand side, an unprecedented hike in electricity tariffs — up 155% in just three years — rendered grid power unaffordable for many people and businesses. Industrial and residential users faced sharp price increases as subsidies were withdrawn.
Pakistan, home to more than 240 million people, is experiencing one of the most rapid solar revolutions on the planet, even as it grapples with poverty and economic instability. The country has become a huge new market for solar as super-cheap Chinese solar panels flood in.
Solar panels on homes and businesses in Karachi, Pakistan. The country is witnessing a people-led solar energy transformation. Photo by Hexzain / Shutterstock. Solar adoption in Pakistan resulted from a “perfect storm” of supply and demand.
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