The premier bourse also hailed proposals of tax reduction on approved securities and bonds and extension of tax holiday facility.

In a post-budget press conference in Dhaka, the DSE President Shahiq Khan said the widening tax gap between listed and non-listed companies will definitely encourage good companies to be listed with the exchanges.

He said the proposal to withdraw dividend distribution tax and make the dividend taxable in the hands of shareholders will enhance the dividend pay out capability of the companies.

Besides, the premium bourse chief called for priority basis implementation of the declarations made in the budget to offload government shares in different profitable companies.

Khan highly appreciated the proposed provisions for income tax at source on the transaction value of shares for the members of the exchanges, adding that the move will eliminate bourse members' 'harassment' by taxmen.

In this regard, the DSE president demanded to lower the rate to 0.010 percent instead of proposed 0.015 percent.

Khan also lauded the tax reduction proposal on approved securities and bonds and proposed that such tax be made as final settlement to encourage institutions and individuals to actively participate in the bond market.

DSE Vice President Ahmed Rashid Lali and Chief Executive Officer Salahuddin Ahmed Khan also attended the function.