Daily Archives: April 2, 2017

Budget Proposals 2017/2018: Tax credit to new listing should be for five years; 106 companies delisted in four years

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KARACHI: Pakistan Stock Exchange (PSX) has informed the Federal Board of Revenue (FBR) that the existing tax credit is not enough to attract new listing on the stock exchange. The PSX said that the discouraging tax rates resulted in 106 companies delisted against only 31 new listing on the stock exchange.

Budget Proposals 2017/2018: Withholding tax should be rationalized on face value of bonus issue

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KARACHI: Pakistan Stock Exchange (PSX) has urged the Federal Board of Revenue (FBR) impose withholding tax on the face value of the bonus shares as the change to income tax laws will result in Rs50 billion issuance of bonus shares of face value and generate about Rs2.5 billion.