an organization of stock brokers in

the capital market, has welcomed the proposed national budget for the upcoming fiscal year 2025-26. The organization has called the budget 'capital market friendly'.

President Saiful Islam said this on behalf of the organization in a message sent from DBA on Tuesday.

The DBA president said, "For many years, we have been making several recommendations to the government, including tax benefits, for the development and growth of the capital market. Our demands have been partially met in this year's budget. Among our demands are - the withholding tax rate on securities transactions of brokerage firms has been reduced from 0.05 percent to 0.03 percent, the tax difference between listed and unlisted companies has been increased from 2.5 percent to 7.5 percent, and the corporate tax rate for merchant banks has been reduced by 10 percent to 27.50 percent."

Saiful Islam further said,

"The implementation of this capital market-related proposal in the budget will play a major role in the development and progress of the market. As a result, all stakeholders related to the capital market, including domestic and foreign investors, issuer companies, stock brokers, merchant banks, will benefit commercially."

Stating that the interim government

has given special importance to the capital market, Saiful Islam said, 'We have seen the reflection of this in this year's budget. We express our deepest gratitude and thanks to the interim government's Chief Advisor Dr. Muhammad Yunus for such a capital market-friendly budget.'