KARACHI – The management of Karachi Stock Exchange (KSE) has invited tax proposals from the members to be included in the next federal budget. The KSE through issuing a notice has asked the members to forwards their comments or proposals on tax including the Federal Excise Duty (FED) to be incorporated in the Finance Bill to be enacted during fiscal year 2011-12.
Sought at the latest by February 23, the proposals would be evaluated by the Tax Committee of the KSE Board of Directors for onward submission to the concerned authorities in the federal government. The KSE management said the members’ tax proposals must be backed by a valid rationale when being submitted to acting KSE Managing Director Haroon Askari.
