Tax incentives to be sought for listed companies

ISLAMABAD: The joint proposals of Board of Investment (BOI) and Securities and Exchange Commission of Pakistan (SECP) in consultation of Federal Board of Revenue (FBR) would be submitted to the federal government to seek some sort of tax incentives for listed companies.

According to the statement issued here on Friday, In pursuance of its mandate to encourage and facilitate investment in the country through listing on the stock exchanges, Imtiaz Haider, the SECP Commissioner for Securities Market, met Saleem H. Mandviwalla, Chairman, BOI and compared notes on encouraging investment in the country.

The BOI Chairman appreciated the SECP initiative, saying that being a regulator of the capital market and corporate sector it can play important role in the development of the economy.

He stated that investor-friendly policies and behavior can boost investment in the country which may help development of the capital market through public participation.

It was agreed that coordinated efforts shall be made for, encouragement of investment in the country through public participation, development of the capital market and encouragement of new listing on the domestic stock exchanges.

Moreover, the SECP and its policies for facilitation of investors will be given appropriate projection in BOI's various publications, seminars and conferences.

Similarly, the BOI will be invited to road shows and seminars to be conducted by the SECP regarding its planned investors' awareness campaigns.

Copyright APP (Associated Press of Pakistan), 2011