NCCPL to collect capital gain tax on Apr 3

March 25, 2025 (MLN): The aggregate amount of Capital Gain Tax (CGT) arising from the disposal of shares at the Pakistan Stock Exchange (PSX) for the period from February 1 to 28 will be collected on April 3 through the respective settling banks of the Clearing Members (CMs).

All CMs are requested to ensure that the requisite amount is available in their settling bank accounts, according to a notice issued by the National Clearing Company of Pakistan Limited (NCCPL).

Necessary details and reports for the said period have already been made available in the CGT System.

Moreover, the aggregate amount of CGT arising on redemption of units of open-end mutual funds has also been finalized for the period February 1 to 28, as per the notice.

CMs are hereby required to verify the investor-wise details of capital gain or loss and tax thereon, if any, through reports/downloads available in the CGT System.

"In case of no or partial collection of CGT, CMs are advised to provide the name(s) and UIN(s) of the defaulted customer(s) to NCCPL immediately after the CGT collection date", the notice added.

"Failure to do so may result in necessary action as per NCCPL’s applicable rules and regulations", it reads.

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