PSX urges capital gains tax relief.

KARACHI -- The Pakistan Stock Exchange (PSX) on Monday urged the government for a relief in Capital Gains Tax (CGT) by bringing it down to 10 per cent for short-term investments while waving off the levy for long-term investments. `This will bring it in line with international and regional levels, as well as the changes proposed by the government for real estate`, the bourse said in a statement on Monday.

The PSX contended that currently the CGT on shares was one of the highest in the...