May 3, 2024

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Pakistan Revenue

Tag: NCCPL

Meezan Bank, NCCPL sign MoU to develop Shariah compliant products for capital market
Jul 8
Money & Banking, Stock & Commodity

Meezan Bank, NCCPL sign MoU to develop Shariah compliant products for capital market

KARACHI:  Meezan Bank and National Clearing Company of Pakistan Limited (NCCPL) have agreed to develop new Shariah-compliant products for the country’s capital market. Through this collaboration, Meezan Bank will extend its support in introducing Murabaha Share Financing System (‘MSF’), a new Shariah-compliant product, implemented by NCCPL, will help in extending Shariah-compliant stock financing facilities to stock […]

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NCCPL excludes Hascol Petroleum from list of eligible securities
Jun 28
Corporate, Energy, Stock & Commodity

NCCPL excludes Hascol Petroleum from list of eligible securities

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Monday excluded M/s. Hascol Petroleum from the list of eligible securities after the stock exchange placed the oil company into defaulter segment. The NCCPL said that this is with reference to Pakistan Stock Exchange Notice No. PSX/N-781 dated: June 25, 2021, regarding placement of M/s. Hascol […]

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NCCPL directs stock brokers to complete customers’ verification by Feb 28
Feb 23
Stock & Commodity

NCCPL directs stock brokers to complete customers’ verification by Feb 28

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Tuesday directed stock brokers and clearing members to complete customers’ verification by February 28, 2021 in order to avoid restrictions. The NCCPL while issuing the final reminder to authorized intermediaries (AIs) that it had previously issued notification on December 04, 2020 advising the AIs to complete […]

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NCCPL updates app compatible with Android 10
Oct 31
Stock & Commodity

NCCPL updates app compatible with Android 10

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has updated and configured its biometric application which is compatible with Android’s newer version. The NCCPL in a statement said that it has updated and configured its biometric application and released new support for Android version 10 which is available for biometric verification through scanner based mobile […]

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Stock brokers seek tax adjustment against capital losses
Oct 23
Stock & Commodity

Stock brokers seek tax adjustment against capital losses

KARACHI: Brokers at Pakistan Stock Exchange (PSX) have approached the Federal Board of Revenue (FBR) to allow tax adjustment against brought forward capital losses. National Clearing Company of Pakistan (NCCPL) on Friday issued a notification regarding deferment of collection of capital gain tax from clearing members and Pakistan Mercantile Exchange. The NCCPL said that this […]

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