LAHORE – In major relief for inflation hit people, prices of solar panels saw a considerable drop.
This drop in solar panel rates propelled the affordability of solar panels, making them more accessible for Pakistanis, who are moving toward green energy amid record increases in power tariff.
In the provincial capital, rates of solar panels have recently dropped significantly. A report suggest that systems ranging from 7 to 15 kilowatts are now Rs. 200,000 less in price.
Meanwhile, the price of 7-KW system moved down by Rs1lac to Rs.825,000, while a 10-kilowatt system now costs Rs. 1.125 million.
The 12KW system saw a price drop of Rs200,000, and new price stands at Rs1.4 million. The price for a 15-kilowatt system stands at Rs1.6 million, after Rs200,000 reduction.
The sudden price saw massive drop, especially as the summer season approaches, when prices typically rise.
Last month, solar panel prices increased due to rising demand before the summer season.
Pakistani rupee rates against US Dollar and other currencies on July 1, 2024 (Monday) in open market.
US dollar was being quoted at 277.5 for buying and 280.65 for selling.
Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 349 for buying, and 352.55 for selling.
UAE Dirham AED was at 74.9 and Saudi Riyal at 73.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.5 | 280.65 |
Euro | EUR | 293.5 | 297 |
UK Pound Sterling | GBP | 349 | 352.55 |
U.A.E Dirham | AED | 74.9 | 75.7 |
Saudi Riyal | SAR | 73 | 73.8 |
Australian Dollar | AUD | 182.2 | 184 |
Bahrain Dinar | BHD | 740.56 | 748.56 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.32 | 38.72 |
Danish Krone | DKK | 39.87 | 40.27 |
Hong Kong Dollar | HKD | 35.66 | 36.01 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.9 | 1.98 |
Kuwaiti Dinar | KWD | 907.51 | 916.51 |
Malaysian Ringgit | MYR | 59.13 | 59.73 |
New Zealand Dollar | NZD | 169.22 | 171.22 |
Norwegians Krone | NOK | 26.38 | 26.68 |
Omani Riyal | OMR | 723.24 | 731.24 |
Qatari Riyal | QAR | 76.5 | 77.2 |
Singapore Dollar | SGD | 202 | 204 |
Swedish Korona | SEK | 26.34 | 26.64 |
Swiss Franc | CHF | 311.34 | 313.84 |
Thai Bhat | THB | 7.58 | 7.73 |
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