The National Board of Revenue (NBR) has approved a 10-year tax incentive aimed at promoting investments in renewable energy. This initiative is designed to encourage both local and foreign investors to engage in renewable energy projects, supporting the country’s goals for sustainable development and reducing reliance on fossil fuels. The incentives may include tax holidays, reduced import duties on renewable energy equipment, and other financial benefits to enhance the attractiveness of investing in this sector. This move aligns with global trends toward cleaner energy sources and the need for environmental sustainability.
