| GEO Business|
| KSE budget proposals given final shape|
| Updated at: 1536 PST, Tuesday, March 31, 2009|
KARACHI: Karachi Stock Exchange (KSE) has given a final shape to their budget proposals for the next financial year, which included the demand for the abolition of capital value tax.
A KSE director told Geo News that KSE has finalized its budget proposals, which the Board meeting slated April 14 would approve.
KSE director said that the budget proposals also demanded ending capital value tax and exempting dividend from income tax. Besides, the bridging of gap between the corporate tax and tax on public sector companies has also been proposed.
KSE Board after approval of the budget proposals will send it to SECP and finance ministry.