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Daily Times
June 14, 2021
Massive relief for the Pakistan Stock Exchange (PSX) in the next fiscal year’s budget, which was also termed as pro-growth by the business community, is likely to push up the bourse in the week starting today (Monday).
Decrease in Capital Gains Tax (CGT) for filers by 2.5 percent, bringing it down from 15 percent 12.5 percent, removal of withholding tax (WHT) on gross income earned on margin financing transactions, plans to bring down circular debt by payment to independent power producers (IPPs), tax exemptions and duty concessions granted to various sectors, maintaining the corporate tax rate at 29 percent, and overall positive environment are likely to be positive for the market.