Stocks Observer. com

The Federal Minster for Finance upon invitation of the Securities and Exchange Commission of Pakistan (SECP) had a visit to the Karachi Stock Exchange, today. The Minster highlighted various financial and economic reforms undertaken by the Government of Pakistan over the last few years. While appreciating the SECP’s initiative for improving liquidity in the market, enhancing investor education and awareness and the brokers’ capacity to trade, he announced the approval of SECP’s proposal on revamping of Capital Gains Tax (CGT) submitted to the FBR last week. The SECP had been in dialogue with the Ministry of Finance and the FBR on   the rationalization of CGT. The following solutions have been agreed upon for a more balanced and investment friendly CGT approach: -          In view of the official but undocumented gains accrued prior to the imposition of CGT an investment window will be provided till June 30, 2014 whereby investors will be able to invest in the stock marke