Govt's super tax: Analysts see slight impact on corporate earnings
Analysts are mixed on the imposition of an extra 10 per cent super tax as the optimists don’t see a huge impact
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Analysts are mixed on the imposition of an extra 10 per cent super tax as the optimists don’t see a huge impact
The Pakistan Stock Exchange plunged by more than 2,000 points or nearly 5 per cent in just 22 minutes of manic trade at noon on Friday after Prime Minister Shehbaz Sharif announced a new "super tax" on large-scale industries that spooked investors.
Pakistan Prime Minister Shehbaz Sharif on Friday announced a 10% “super tax” on large-scale industries like cement, steel and automobiles.
Benchmark index plunges by over 2,000 points; analysts say decision will severely hurt corporate profitability.
The Pakistan Stock Exchange plunged by more than 2,000 points or nearly 5 per cent in just 22 minutes of manic trade at noon on Friday, after Prime Minister Shehbaz Sharif announced a new “super tax” on large-scale industries that spooked investors.