WHT on brokers’ commission removed, CGT rates frozen
Finance Minister Dr Abdul Hafeez Shaikh on Saturday agreed to the proposals of Securities Exchange Commission of Pakistan (SECP) for increasing trade volumes at Karachi Stock Exchange (KSE), removing withholding tax (WHT) on brokers’ commission and freezing current rate of Capital Gain Tax (CGT) till June 2014.
2 years ago
Govt borrowing slows down bourses: SECP
National Assembly Standing Committee on Finance and Revenue was informed on Thursday that government`s heavy borrowing from scheduled banks was a reason for slowdown in the stock market for several months.