Investment of undisclosed income in shares
We thank the government for taking the decision of not increasing or imposing new taxes and not making TIN mandatory for the BO Account holders. This will have positive impact on the capital market. The capital market needs more investment, mainly from the financial institutions and business communities. We should encourage them to invest in shares. The government can play a leading role in this area. This will definitely improve the status of the capital market. We strongly urge the Ministry of Finance to allow investment of undisclosed income in purchase of shares of listed companies by adding section 19D of Income Ordinance 1984 in budget FY 2011-12.
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