AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Shaukat Tarin assured MD PSX that Government is strongly committed to strengthen the financial markets

Government is considering to introduce new tax regime for capital markets

admin-augaf by admin-augaf
June 7, 2021
in Business
Reading Time: 2 mins read
0
PSX KASB
Share on FacebookShare on TwitterWhatsapp

Federal Minister for Finance and Revenue, Shaukat Tarin, chaired a meeting here at the Finance Division with Managing Director / CEO Pakistan Stock Exchange Mr. Farrukh H. Khan to review proposals for Federal Budget 2021-22. Adviser to PM on Austerity and Institutional Reforms Dr. Ishrat Hussain, SAPM on Finance and Revenue Dr. Waqar Masood, Chairman FBR and Secretary Finance Division were also present during the meeting.

MD, Pakistan Stock Exchange (PSX) gave a detailed presentation on the huge impact of stock markets on wealth creation and mobilization of capital. He said that a broad-based capital market helps to achieve important economic and social objectives like increasing the number of tax payers, optimizing savings and investment rates, and reducing wealth inequalities. Tax measures are an important policy tool to increase investments and savings in the economy and to stay competitive with other markets.

Farrukh Khan, MD PSX submitted proposals to align rates of capital gain tax on disposal of securities in line with regional practices, rationalization of tax rates for companies listed on the stock exchange, enhanced tax credit for listed small and medium enterprises, unlocking the potential of private funds and many other suggestions that will help broadening the tax base/ revenue collection.

Ministry of Finance

The Finance Minister appreciated the recommendations from the MD Stock Exchange and said that the present government is strongly committed to strengthening of the financial markets and is ready to adopt measures that could mobilize capital to more productive sectors. He further stated that the government is considering to introduce new tax regime that is in accordance with the changing economic environment. He welcomed the proposals and assured that these will be given due consideration in the upcoming budget.


Tags: KASBMOFPSXPTIShaukat Tarin
admin-augaf

admin-augaf

Related Posts

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged
Business

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

June 16, 2025
Pakistan Cement Despatches Drop 8% In Fiscal Year 2022 As Exports Sunk
Business

High Court Dismisses Appeal of Cement Companies in Royalty Case

June 16, 2025
Urea
Business

Pakistan’s Urea and DAP Offtake Picks Up in May

June 16, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

June 16, 2025
Pakistan Cement Despatches Drop 8% In Fiscal Year 2022 As Exports Sunk

High Court Dismisses Appeal of Cement Companies in Royalty Case

June 16, 2025
Urea

Pakistan’s Urea and DAP Offtake Picks Up in May

June 16, 2025
AsiaPak Investment Bought Stake in Fund that Holds Stake in K-Electric

KE Requested NEPRA To Not Allow PKR 4.69 Per Unit FCA Relief in Electricity Bills to Consumers

June 16, 2025
Trump Says US Close to a Nuclear Deal with Iran

Trump Administration Weighs Adding 36 Countries to Travel Ban – Reuters

June 16, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged
  • High Court Dismisses Appeal of Cement Companies in Royalty Case
  • Pakistan’s Urea and DAP Offtake Picks Up in May

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

US Embassy in Israel Remains Closed as Tel Aviv Branch Damaged

June 16, 2025
Pakistan Cement Despatches Drop 8% In Fiscal Year 2022 As Exports Sunk

High Court Dismisses Appeal of Cement Companies in Royalty Case

June 16, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.