Islamabad (HRNW): In a significant relief for the public, the International Monetary Fund (IMF) has agreed to withdraw the proposed increase in taxes on solar panels and stationery products for the upcoming fiscal year.
According to reliable official sources, following intensive strategic efforts and direct intervention by Prime Minister Shehbaz Sharif, the IMF management conceded to the government’s stance against levying additional financial duties on educational materials and renewable energy products.
Protection of Public Interest in FY 2026-27 Budget
This development is being hailed as a major economic and diplomatic victory for the federal government as it finalizes the federal budget for the upcoming fiscal year 2026-27.
The breakthrough ensures that the domestic push toward solar energy remains affordable for the inflation-hit middle class, while preventing an increase in educational expenses for students across the country.
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