Capital gain tax to be imposed on Stock market in July: Tareen

Finance Minister Shaukat Tareen said that Capital gains tax would be imposed on the stock market in July 2010. The price control mechanism ended due to the Local Body Government.Shaukat Tareen was speaking to the media after his meeting with the task force for development of private sector. He informed that the chief secretaries of all the four provinces have been called next week to discuss the issue of inflation. Tareen said that during the budget for the next fiscal year the property value tax would be replaced by property gain tax and thus its percentage would also be altered. He said that Agriculture Sector should needs be taxed. Tareen said that he is not amongst those who run away he would face all challenges. Shaukat Tareen also insisted that he did not resign from office.