The Pakistan Stock Exchange’s benchmark KSE-100 index was trading at 48,931 points early Monday, which is the highest level in the last four years. Concession in the capital gains and other taxes were the main reason for the positive outlook. In his budget speech last week, Finance Minister Shaukat Tarin announced a reduction in the capital gains tax (tax paid on profits earned on the sale of shares). Capital gain tax rate on the sale of shares has been reduced from 15% to 12.5% for filers, he said. After the reduction in the tax rate next month, stock sellers will have to pay less capital gains tax for booking profits. Apart from the reduction in capital gains tax rate in t
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