KARACHI, April 23, 2026 – National Clearing Company of Pakistan Limited (NCCPL) has announced April 30, 2026 as the deadline for stock brokers and asset management companies to deposit capital gains tax (CGT) for transactions carried out during March.
In a circular issued to clearing members (CMs) and asset management companies, NCCPL said the aggregate amount of CGT arising from the disposal of shares at the Pakistan Stock Exchange (PSX) for the period March 1 to March 31, 2026, will be collected through designated settling banks on the specified date.
The company instructed all clearing members to ensure that sufficient funds are available in their respective settling bank accounts to facilitate timely tax collection. It added that detailed reports and investor-wise data for the relevant period have already been made accessible through its CGT System.
NCCPL also confirmed that CGT liabilities related to the redemption of units of open-end mutual funds for the same period have been finalised, with corresponding details uploaded to the system for verification.
Clearing members have been directed to review and verify investor-specific capital gains, losses and applicable tax amounts using the available reports. The company emphasised the importance of accuracy and compliance in the reporting process.
In cases where CGT is not fully collected, members are required to promptly provide the names and Unique Identification Numbers (UINs) of defaulting clients to NCCPL immediately after the collection date.
Failure to comply with these requirements may result in regulatory action under NCCPL’s rules and applicable regulations, the notice said.
The move is part of ongoing efforts to streamline tax collection and ensure transparency in Pakistan’s capital markets.