It is necessary to convert the stock market into a stable market

KARACHI: While the recent boom in the Pakistan Stock Exchange has lit up hopes among investors, some investors are also regretting that they may have missed the train and are missing out on the benefits of the boom. , but the question is whether this boom can be sustained. It is necessary to convert the stock market into a stable market. Carport tax rate including super tax should come down to 25% over the next 5 years.

The recent boom in the stock market has come as a result of investments by insurance companies and foreign investors, in addition to many companies buying back their own shares.

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Companies have repurchased about $150 million worth of their own shares this calendar year, reflecting the confidence of company owners in their businesses, which has boosted the confidence of other investors in the stock market, Capital said. Policy makers still need to do a lot to make the market a stable source of capital for companies.

As a tenfold increase in active investors is necessary to stabilize the stock market, for which the capital gains tax rate should be lower on less capital, a salaried person pays 35% tax on dividends of lakhs of rupees despite low income. Why is the tax charged at a low rate, the interest rate should be moderate and it should be between 13% to 17%.