ISLAMABAD: Federal Minister for Climate Change Mushahidullah Khan has said that reduction in taxes on clean energy technologies will help Pakistan reduce dependence on coal, oil, natural gas and other resources for power generation.
While talking to media Mushahidullah Khan said that fossil fuels are non renewable and will eventually dwindle, becoming too expensive. He said that in the new financial budget for 2015-16, the government has exempted solar panels and certain related components from sales tax and customs duty for a year.
The government has also exempted solar and wind energy equipment from withholding tax for five years to encourage their local manufacturing.
The minister was of the view that these steps would help tackle environmental degradation, promotion of alternative energy and efficient use of solar, wind and water at all scales and sustainable agricultural practices.
