Tag Archives: Pakistan Stock Exchange

Condition of higher capital gain tax rate relaxed

PSX

ISLAMABAD: The government has announced that new or higher rate of capital gain tax will not be applicable on securities purchased up to June 30, 2015.

Budget Proposals 2017/2018: PSX wants normal tax regime for its services

PSX

KARACHI: Pakistan Stock Exchange (PSX) has urged Federal Board of Revenue (FBR) that its services should be brought under normal regime from next tax year.

Budget Proposals 2017/2018: PSX recommends 20pc corporate rate for SME listed companies

PSX

KARACHI: Pakistan Stock Exchange (PSX) has proposed 20 percent corporate income tax rate for small and medium size listed companies to promote entrepreneurship.

PSX soon to launch web-based private market

PSX

KARACHI: Pakistan Stock Exchange (PSX) will soon launch web-based private market, said PSX Managing Director Nadeem Naqvi on Monday.

Budget Proposals 2017/2018: 50 percent reduction in advance tax on brokerage commission proposed

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KARACHI: Pakistan Stock Exchange (PSX) has recommended 50 percent reduction in advance tax payable by stock brokers on commission earned on sale or purchase of shares.

Budget Proposals 2017/2018: changes to CGT regime recommended with three tiers holding periods

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KARACHI: Pakistan Stock Exchange (PSX) has said that frequent changes in capital gain tax regime has negative impacted the foreign institutional portfolio investment (FIPI) as foreign investment amounting $414.4 million has been withdrawn from the capital market during July 01, 2017 to February 21, 2017.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.

SECP files criminal case for manipulating Pak Electron shares

secp

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) filed criminal case against CEO of Cedar Capital (Private) Limited (CCPL) and his two prominent clients for manipulating the prices of the share of Pak Electron Limited (PAEL) at Pakistan Stock Exchange.

Dar assures PSX of considering positive tax proposals for budget 2017/2018

secp

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has assured the delegation of Pakistan Stock Exchange (PSX) of considering positive tax proposals to be incorporated in the finance bill 2017.