ISLAMABAD: A KSE delegation called on Syed Naveed Qamar, Federal Minister for Finance, Economic Affairs, Revenue, and Privatisation & Investment here today. Issues relating to Stock Market and Economy of Pakistan were discussed at length. KSE delegation suggested to the Finance Minister GoP’s proposed steps for investor friendly confidence building measures aiming to arrest the declining trend in the capital markets.
The KSE Delegation drew Finance Minister’s attention towards proposed extension of capital gain tax exemption. Syed Naveed Qamar appraised the delegation about the investor friendly policies of the government and that it sees a very important role for the capital market in the economic development of Pakistan. He assured that government would continue to pursue investor friendly policies.
He said that government was determined to correct macro economic imbalances. The government is looking for additional resources and intends to rationalize the subsidies being given on various counts. He however, said that the government has not yet decided about levying of capital gain tax and was considering various options to beef up the revenue collection.
He said that presently government’s biggest challenge was to bring down the budget deficit due to sharp rise of oil prices in international market. In order to deal with this situation every segment of society would have to contribute, he added. The Finance Minister accepted the invitation of the Karachi Stock Exchange to visit the Exchange at the earliest convenience.-SANA
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