Pakistan, June 11 -- The International Monetary Fund has agreed not to proceed with a proposed increase in taxes on solar panels in Pakistan. The decision matters because it directly affects energy prices and household affordability. Consumers, importers, and the renewable energy sector are directly impacted by the move.

According to official sources, the agreement followed discussions between Pakistan and the IMF during budget preparations. Prime Minister Shehbaz Sharif played a key role in negotiations aimed at protecting public interests. As a result, the IMF agreed to withdraw the proposed tax increase on solar panel products.

Officials described the development as a major success for the government in budget negotiations. They said...