Pakistan Stock Exchange asks for reduced CGT rate

Usually, it is the real estate sector demanding the government for a lower Capital Gains Tax (CGT) rate, but this time it is the Pakistan Stock Exchange (PSX) making the request. In fact, the PSX has asked the government to bring the rate in line with the changes it proposed for the real estate sector.

PSX has proposed that the government should consider making the CGT rate to be 10% for short-term investments and zero for long-term investments. The aim is to bring more people into the tax net. Let’s see if the government takes any action on these proposals. I would also like to know what the forum experts think on this matter.