In a recent development, Prime Minister Shehbaz Sharif of Pakistan has adamantly clarified that there are no plans in place for imposing additional duties on solar panels. This statement comes in response to the federal government signaling a potential shift from solar net metering to “gross metering,” prompting concerns about the imposition of new taxes on solar products and their potential impact on the financial benefits of in-house power generation.
Prime Minister Shehbaz Sharif, in his role as the leader of the federal cabinet meeting in Islamabad, made it clear that the government’s top priority is to steer the national economy towards a positive trajectory and achieve economic stability. His emphasis on bolstering exports through SME empowerment and curbing exploitation of national resources by the elite class, underscored the government’s overarching goal of securing economic well-being for the common citizens and ensuring equitable opportunities for all.
Addressing key agenda items, Prime Minister Shehbaz Sharif directed members to actively participate in the ongoing parliamentary debate on the annual budget for 2024-25. Additionally, the cabinet was briefed on the swift progress of the Pakistan International Airlines (PIA) privatization process, with the bidding for the national flag carrier set to take place in the first week of August. The Prime Minister emphasized the need to expedite the privatization process while upholding transparency and accountability throughout.
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Addressing concerns about the price of sugar, the cabinet meeting was informed about the ample sugar stock available in the country. Prime Minister Shehbaz Sharif reiterated the government’s unwavering stance against any increase in sugar prices and directed the formation of a dedicated committee to monitor and prevent any potential rise in sugar prices. This firm commitment reflects the government’s dedication to safeguarding consumers’ interests and maintaining price stability.
Furthermore, the federal cabinet approved a range of decisions, demonstrating the government’s comprehensive approach to governance and policy-making. These decisions included the transit of essential goods to Afghanistan on humanitarian grounds, the signing of a memorandum of understanding (MoU) between the Ministry of Religious Affairs of Pakistan and Saudi Arabia, and the extension of the timeframe for an implementation committee concerning the immovable property of the late Ameer of Bahawalpur. The cabinet also endorsed several key decisions related to economic and legislative matters, further highlighting the government’s ability to address multiple issues.
