May 19, 2006	Friday	Rabi-us-Sani 20, 1427

ISLAMABAD, May 18: Central Board of Revenue Chairman Abdullah Yousuf said on Thursday that imposition of capital gain tax on stock markets in the forthcoming budget was not under consideration.

Talking to a private TV news channel, he said the stock markets were exempted from capital gain tax in the budget 2005-06.

“Reports regarding capital gain tax on stock markets are baseless and false,” Mr Yousuf added. He termed the rumours an effort to manipulate the stock market.—APP