Attracting investors: Tax incentives to be sought for companies
The Securities and Exchange Commission of Pakistan (SECP) and the Board of Investment (BOI) have decided to firm up proposals, in consultation with the Federal Board of Revenue, for seeking tax incentives for listed companies.
This issue was discussed in a meeting between SECP Commissioner for Securities Market Imtiaz Haider and BOI Chairman Saleem H Mandviwalla in order to encourage and facilitate investment in the country through listing on stock exchanges.
They agreed on coordinated efforts to be made for encouraging investment in the country through public participation, development of capital market and encouragement of new listings on domestic stock exchanges.
The BOI chairman said SECP, being a regulator of the corporate sector, could play an important role in the development of economy.
Published in The Express Tribune, December 10th, 2011.
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