Ahead of Budget 2024-2025, solar panel prices in Pakistan have seen a marked increase, with traders adjusting rates in anticipation of new tax measures.

The federal government is expected to unveil the budget on June 12, aligning with conditions set by the International Monetary Fund (IMF) as Pakistan negotiates a fresh bailout package.

Sources said that the government is contemplating imposing additional taxes on solar panels, prompting traders to hike prices preemptively. The increase, amounting to Rs8 per watt, has been felt across various panel sizes and specifications.