NA Committee Raises Concerns Over Double Duty on EV Chargers
The National Assembly Standing Committee on Industries and Production warned that the dual tax burden on electric vehicle chargers could hinder Pakistan’s green energy ambitions, potentially dampening demand for related equipment and services.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Double duty on EV chargers is expected to suppress demand for charging infrastructure, negatively affecting related PSX sectors; avoid buying such tickers until policy changes occur.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- PowerNegatively affected
- TechnologyNegatively affected
Companies
Mentions in This Briefing
Sectors: Power, Technology — Negative · Do not buy. PSX tickers: HUBC, KEL, KAPCO, INDU, HCAR, MTL. Double duty on EV chargers is expected to suppress demand for charging infrastructure, negatively affecting related PSX sectors; avoid buying such tickers until policy changes occur.
Full Story
Open on The Nation## Background
The National Assembly Standing Committee on Industries and Production (SCOIP) held a session on 4 September 2026 to discuss the fiscal treatment of electric vehicle (EV) chargers. The committee expressed serious concern that the current tax regime imposes a double duty on EV charging infrastructure, which could undermine the country’s green energy targets.
## Key Points Discussed
- Double Duty Definition: The committee clarified that the term refers to the simultaneous application of both import duty and sales tax on EV chargers, effectively raising the cost of installation and operation. - Impact on Green Energy Goals: SCOIP members argued that higher costs will slow the adoption of EVs, thereby delaying the achievement of the National Green Energy Policy objectives set for 2030. - Industry Response: Representatives from the EV charging sector, including local manufacturers and importers, highlighted the need for a streamlined tax structure to attract investment and reduce end‑user prices. - Policy Recommendations: The committee suggested a review of the current duty schedule and proposed a temporary duty exemption or reduction for EV charging equipment to stimulate market growth.
## Implications for PSX Investors
The discussion signals a potential regulatory hurdle for companies involved in the production, import, or installation of EV chargers. A continued double duty could suppress demand for charging infrastructure, affecting firms in the technology and power sectors that supply or support such equipment.
## Conclusion
While the committee’s concerns reflect a broader push toward sustainable transport, the immediate effect is likely to be a negative one for companies tied to EV charging infrastructure. Investors should monitor any forthcoming policy changes that could alleviate the double duty burden.