Govt to Reconsider Cap on Solar Energy Production for Export-Oriented Industries

Minister for Commerce Jam Kamal Khan Monday assured industry representatives that the government is steadfast in its commitment to reducing the tax burden on exporters. In a virtual meeting with the Sectoral Council for Sports Goods, the minister pledged to reconsider the current policy that imposes a cap of 100KW on solar energy production for export-oriented industries. This move is expected to alleviate operational constraints and enhance the competitiveness of the sports goods sector, which heavily relies on sustainable and cost-effective energy solutions. Furthermore, the minister agreed to present the industry’s proposals to the National Export Development Board, advocating for the retention of the Fixed Tax Regime. Exporters emphasized that this regime is crucial for shielding them from the potential harassment associated with the Normal Tax Regime, which involves multiple tax departments. The meeting underscored the government’s ongoing efforts to foster a conducive environment for exporters, particularly in the sports goods sector, which significantly contributes to the country’s economy.