March 29, 2002	Friday	Muharram 14, 1423

KARACHI, March 28: The chairman of the Karachi Stock Exchange, Salim Chamdia told the visiting delegation of the British Parliamentarian on Thursday that owing to positive economic indicators after the Sept 11 incident share values here have risen 75 per cent amid brisk trading activity.

Briefing the MPs about the growth of the stock market during the last couple of years and its journey to full automation, he said, infrastructure developments has made it comparable with any leading bourse of the world.

“A number of incentives including tax exemption on capital gains, low rate of tax at 10 per cent on dividend incomes and free remittance of funds, both principal investment and dividend incomes, are available to encourage investment in equities”, he explained.

He urged the MPs to tell the British stock traders that the prevailing investment climate is ideal for the prospective investors in equities, which also enjoy the facility of exchange risk coverage.