Clearing Members must ensure sufficient funds are available to collect CGT on share disposals made at the Pakistan Stock Exchange during August 2026.
KARACHI, September 29, 2026: The National Clearing Company of Pakistan Limited (NCCPL) has set October 7, 2026 as the deadline for collecting capital gains tax (CGT) arising from the disposal of shares at the Pakistan Stock Exchange (PSX) during August 2026.
In a notification concerning the collection of CGT from Clearing Members (CMs) and Asset Management Companies (AMCs), NCCPL said the aggregate tax arising from share disposals between August 1 and August 31, 2026 would be collected on Wednesday, October 7, 2026.
The tax will be collected through the respective settling banks of Clearing Members. NCCPL has directed all CMs to ensure that the required funds are available in their settling bank accounts on the collection date.
CGT details made available through system
NCCPL said the relevant details and reports for the August period had already been made available through its CGT System.
The system provides Clearing Members with information required for the collection and reporting of capital gains tax arising from eligible securities transactions.
NCCPL finalises CGT on mutual fund redemptions
NCCPL has also finalised the aggregate CGT arising from the redemption of units of open-end mutual funds for the period from July 1 to August 31, 2026.
The calculation was completed using transactional data received from Asset Management Companies. The relevant details and reports have also been made available through the CGT System.
NCCPL has instructed Clearing Members to verify investor-wise information relating to capital gains or losses and the applicable tax, where due, through the reports and downloads available on the system.
The verification process is intended to ensure that CGT collected from investors corresponds with the underlying transaction records.
Clearing Members warned over non-collection of CGT
NCCPL has further instructed Clearing Members to immediately submit the names and Unique Identification Numbers (UINs) of customers from whom CGT has either not been collected or has been collected only partially.
The required customer information must be submitted to NCCPL immediately after the CGT Collection Date in cases involving non-collection or partial collection.
NCCPL warned that failure to provide the required information could result in action under its applicable rules and regulations.
Responsibility placed on Clearing Members
The latest directive places responsibility on Clearing Members to ensure the timely availability and collection of CGT and to properly report cases where the required tax has not been fully collected.
The October 7 deadline forms part of NCCPL’s established mechanism for calculating, collecting and reporting capital gains tax arising from transactions in listed securities and qualifying mutual fund units.