Pakistan to Reduce Capital Gain Tax on Stocks to 12.5% From 15%

June 11, 2021, 1:02 PM

The government plans to abolish withholding tax on equity trading at Pakistan Stock Exchange, finance minister Shaukat Tarin comments in his budget speech to Parliament.

  • Gov. proposes to abolish withholding tax on banking transactions
  • Withholding tax on other financial transactions to be reduced
  • Proposes to reduce sales tax on locally made cars of 850cc power
  • Reduce tax on CKD import of electric vehicles
  • READ: Pakistan Plans to Reduce FY22 Fiscal Deficit to 6.3% From 7.1%

--With assistance from Kamran Haider.

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Faseeh Mangi in Karachi at fmangi@bloomberg.net

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