Review meeting on proposals for upcoming budget held.

Islamabad -- Federal Minister for Finance and Revenue Shaukat Tarin on Monday chaired a meeting at the Finance Division with Managing Director Pakistan Stock Exchange Farrukh H. Khan to review proposals for Federal Budget 2021-22.

Adviser to PM on Austerity and Institutional Reforms Dr Ishrat Hussain, SAPM on Finance and Revenue Dr Waqar Masood, Chairman FBR and Secretary Finance Division were also present during the meeting.

Pakistan Stock Exchange (PSX) MD gave a detailed presentation on the huge impact of stock markets on wealth creation and mobilization of capital.

He said that a broad-based capital market helps to achieve important economic and social objectives like increasing the number of tax payers, optimizing savings and investment rates, and reducing wealth inequalities.

Tax measures are an important policy tool to increase investments and savings in the economy and to stay competitive with other markets.

The Managing Director submitted proposals to align rates of capital gain tax on disposal of securities in line with regional practices...