*KARACHI:* The Securities and Exchange Commission of Pakistan (SECP) hasput forward a series of tax-related recommendations to boost investment inthe country.
The SECP has proposed tax reductions for overseas Pakistanis to create amore investor-friendly environment for businesses and individuals. Amongthe proposed measures is a three-year tax exemption for individualsinvesting in Pakistan.
The Commission has suggested reduced tax rates of up to 15% for three yearson investment holdings and exemption from taxes on investment holdings forlonger than three years.
The SECP has also proposed relief in taxation on capital gains andexemption on bonus shares, the sources added.