The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to introduce a special concessional financing scheme at a 3% markup for solar battery purchases. This call comes as the Pakistan Solar Association gears up to host the Solar & Storage Expo 2026, scheduled from July 10 to 12 at the Lahore Expo Centre.
Strategic Necessity for Solar Energy
FPCCI President Atif Ikram Sheikh stated that promoting solar energy is no longer optional but a strategic necessity for Pakistan's industrial competitiveness, export growth, and energy security. He emphasized that affordable financing would accelerate the adoption of renewable energy across the industrial sector.
Urgent Call for Government Action
Addressing a press conference, FPCCI Regional Chairman Zaki Aijaz urged both federal and provincial governments to implement the financing facility. He noted that such an initiative would enable industries to adopt cost-effective energy solutions, reduce production costs, and enhance international competitiveness. Aijaz stressed that without policy support, Pakistan risks falling behind in the global shift toward green energy.
Solar & Storage Expo 2026 Details
The three-day exhibition will occupy three halls at the Lahore Expo Centre, featuring more than 70 international and 70 local brands. The event will showcase cutting-edge solar technologies, advanced energy storage solutions, and the latest innovations in renewable energy products and services. It aims to bring together industry leaders, policymakers, and investors to explore opportunities in the solar sector.
Government Measures Applauded
Aijaz commended Prime Minister Shehbaz Sharif for the government's decision not to impose additional taxes on solar panels, batteries, and inverters. He described this as a business-friendly measure that supports the growth of the renewable energy market. However, he emphasized that further policy interventions are required to accelerate nationwide adoption of green energy.
Path Forward
The FPCCI's proposal for a 3% markup financing scheme is expected to reduce the upfront cost of solar battery systems, making them more accessible for small and medium enterprises. The association believes that such a step will not only reduce the country's reliance on expensive imported fuels but also contribute to environmental sustainability. The Solar & Storage Expo 2026 is poised to be a key platform for advancing these goals.
