Karachi: The Securities and Exchange Commission of Pakistan (SECP) has proposed tax recommendations to boost investment in the country, according to a news report. SECP has put forward the recommendation that taxes be reduced for overseas Pakistanis to attract investment in the country.
According to details, SECP proposed a three-year tax exemption for individuals investing in Pakistan. The commission also suggested reduced tax rates of up to 15% for three years on investment holdings and a complete exemption of investment holdings longer than three years. The commission has also proposed reduction in capital gains tax.
