However, energy experts warn that achieving widespread solar production won’t happen overnight, emphasizing the need for a robust policy framework and regulatory body.

While the budget has sparked optimism about the development of a solar industry in Pakistan, attracting foreign investment remains a significant challenge.

Shabir Mansha, an energy expert and importer, highlights the need for a solid infrastructure to support solar production, saying that the policy is being formulated, but the basic infrastructure for solar preparation is required.

He also points to the lack of a regulatory and quality certification framework as a hurdle.

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Despite the budget’s tax breaks on solar, the local market has seen a price drop in solar panels, contradicting earlier rumors of price hikes. The price has now fallen to PKR 37-41 per kilowatt.

The rising demand for solar panels due to high electricity prices has fueled efforts to establish local production. However, turning these efforts into reality remains a challenge.