In a recent development, Prime Minister Shehbaz Sharif has reaffirmed the government’s unwavering commitment to Pakistan’s existing solar energy policy, dispelling rumors of potential changes that had raised concerns among stakeholders. This assurance underscores the administration’s dedication to promoting renewable energy sources and ensuring policy stability to attract further investments in the sector.​

Addressing the nation, the Prime Minister emphasized that the current solar energy policy remains intact, aiming to bolster sustainable energy solutions across the country. He highlighted that maintaining a consistent policy framework is crucial for fostering investor confidence and accelerating the adoption of clean energy technologies.​

In addition to reaffirming the solar policy, Prime Minister Sharif unveiled a comprehensive relief package designed to alleviate the financial burden of electricity bills on consumers. Key components of this package include:​

  • Reduction in Electricity Tariffs: The government plans to decrease electricity tariffs by Rs. 6-8 per unit within the next two months. This initiative aims to make energy costs more affordable for both residential and commercial users, addressing the escalating electricity expenses that have been a significant concern for the populace.
  • Support for Solar Net Metering: The administration has dismissed rumors regarding a reduction in the buyback rate for solar-generated electricity. The buyback rate remains firmly set at Rs. 10 per unit under the new policy, ensuring that consumers investing in solar energy systems continue to receive fair compensation for excess energy supplied to the national grid.
  • Financial Relief Measures: The relief package includes financial strategies aimed at reducing the circular debt in the power sector. The government has renegotiated deals with independent power producers (IPPs), resulting in savings of Rs. 700 billion, including Rs. 300 billion in reduced interest payments. These measures are expected to contribute to lowering overall electricity costs for consumers.

These initiatives reflect the government’s proactive approach to addressing energy challenges and its commitment to promoting renewable energy sources. By maintaining a stable solar energy policy and implementing consumer-centric relief measures, the administration aims to create a sustainable and economically viable energy landscape in Pakistan.​

The Prime Minister’s announcements have been met with optimism from various sectors, with stakeholders expressing confidence that these steps will lead to enhanced energy security, environmental benefits, and economic growth through the development of the renewable energy sector.