Investor-friendly policies to continue, says Qamar

ISLAMABAD (APP) - Finance Minister Syed Naveed Qamar on Thursday assured the investors that government would continue to pursue investor friendly policies and is determined to correcting macro economic imbalances for the prosperity of the country. "The government is looking for additional resources and intends to rationalize the subsidies being given on various counts" the Minister told a Karachi Stock Exchange (KSE) delegation which called on him here today and discussed issues relating to Stock Market and Economy of Pakistan at length. The KSE delegation suggested to the Finance Minister Government's proposed steps for investor friendly confidence building measures aiming to arrest the declining trend in the capital markets. The delegation drew Finance Minister's attention towards proposed extension of capital gain tax exemption. Syed Naveed Qamar apprised the delegation about the investor friendly policies of the government as it sees a very important role for the capital market in the economic development of Pakistan. He also assured that government would continue to pursue investor friendly policies. He added that government is determined to correcting macro economic imbalances. The government, he said is looking for additional resources and intends to rationalize the subsidies being given on various counts. He however, said that the government has not yet decided about levying of capital gain tax and is considering various options to beef up the revenue collection. He said that presently government's biggest challenge is to bring down the budget deficit due to sharp rise of oil prices in international market. In order to deal with this situation every segment of society would have to contribute, he added. The Finance Minister accepted the invitation of the Karachi Stock Exchange to visit the Exchange at the earliest convenience.

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