| GEO Business|
| CVT slash could be mulled over: Tareen|
| Updated at: 1158 PST, Monday, November 03, 2008|
KARACHI: If there is any proposal from the stock exchanges relating to the reduction in capital value tax (CVT), then this could be reviewed in the next budget.
Finance Advisor, Shaukat Tareen in an exclusive talks with Geo News told this. He said that if the proposal for a slash in the CVT was sent, then it could be seriously considered in the next budget. On the other hand, stock members said that the revenue on account of CVT has extraordinarily decreased due to poor KSE trading volume, therefore, the government should declare stock market exempted from CVT. Stock members further said that KSE Board would soon prepare its recommendations in this regard and forward it to the finance ministry.