{"id":48344,"date":"2019-01-30T11:25:50","date_gmt":"2019-01-30T11:25:50","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=48344"},"modified":"2020-01-27T07:52:50","modified_gmt":"2020-01-27T07:52:50","slug":"govt-to-eliminate-taxes-on-solar-wind-power-equipment","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-eliminate-taxes-on-solar-wind-power-equipment.html","title":{"rendered":"Govt to eliminate taxes on solar &#038; wind power equipment"},"content":{"rendered":"<p>Islamabad: The federal government plans to eliminate taxes on the manufacturing of solar and wind energy equipment, a news source reported. This step will encourage production and use of renewable energy to overcome the country\u2019s power shortages.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/60000-acres-preserved-for-renewable-energy-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">60,000 acres reserved for renewable energy projects<\/a><\/p>\n<p>The government has proposed a bill concerning this issue. It includes a five-year tax exemption for energy equipment manufacturers and assemblers in the country. As per sources, it is expected that the parliament will approve the bill within a month\u2019s timeframe.<\/p>\n<p>The Alternate Energy Development Board (AEDB) has informed that only 5% to 6% of power supply to the national electricity grid comes from renewable sources.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/energy-production-from-waste-project-deadline-issued.html\" target=\"_blank\" rel=\"noopener noreferrer\">Energy production from waste &#8211; project deadline issued<\/a><\/p>\n<p>The waived-off tax arrangement will boost the local manufacturing of equipment needed to expand the usage of renewable energy sources. This, in turn, will increase the volume of renewable power provided to the grid. Renewable energy is expected to contribute up to 28% to 30% of total electricity supply to the national grid by 2030.<\/p>\n<p>An official of the energy ministry believes that government should also cut duties on imported components required for manufacturing renewable energy products. Additionally, he directed local manufacturers to cooperate with the government to identify components that need to be imported, as well as those that can be produced locally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government plans to eliminate taxes on the manufacturing of solar and wind energy equipment, a news source reported. This step will encourage production and use of renewable energy to overcome the country\u2019s power shortages. Read:\u00a060,000 acres reserved for renewable energy projects The government has proposed a bill concerning this issue. It includes a five-year tax exemption for energy equipment manufacturers and assemblers in the country. As per sources, it is expected that the parliament will approve the bill within a month\u2019s timeframe. The Alternate Energy Development Board (AEDB) has informed that only 5% to 6% of power supply to the national electricity grid comes from renewable sources. Read:\u00a0Energy production from waste &#8211; project deadline issued The waived-off tax arrangement will boost the local manufacturing of equipment needed to expand the usage of renewable energy sources. This, in turn, will increase the volume of renewable power provided to the grid. Renewable energy is expected to contribute up to 28% to 30% of total electricity supply to the national grid by 2030. An official of the energy ministry believes that government should also cut duties on imported components required for manufacturing renewable energy products. Additionally, he directed local manufacturers&hellip;<\/p>\n","protected":false},"author":68,"featured_media":7749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[10180],"persona":[],"class_list":{"0":"post-48344","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-govt-to-eliminate-taxes-on-solar-wind-power-equipment","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to eliminate taxes on solar &amp; wind power equipment - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government plans to eliminate taxes on the manufacturing of solar and wind energy equipment, a news source reported. This step will\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-eliminate-taxes-on-solar-wind-power-equipment.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to eliminate taxes on solar &amp; wind power equipment - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government plans to eliminate taxes on the manufacturing of solar and wind energy equipment, a news source reported. This step will\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-eliminate-taxes-on-solar-wind-power-equipment.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-30T11:25:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-27T07:52:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2014\/06\/632157-Frequent-1384455674-248-640x480.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Safina Sultan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Safina Sultan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Govt to eliminate taxes on solar & wind power equipment - Zameen News","description":"Islamabad: The federal government plans to eliminate taxes on the manufacturing of solar and wind energy equipment, a news source reported. 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