PSX investors to pay CGT for August on Oct 08: NCCPL

September 28, 2024 (MLN): The aggregate amount of CGT arising on the disposal of shares at the Pakistan Stock Exchange (PSX) from August 01, 2024 to August 31, 2024, would be collected on Tuesday, October 8, 2024, through respective settling banks of the Clearing Members.

This was disclosed by the National Clearing Company of Pakistan Limited (NCCPL) through a notice issued on PSX yesterday.

"All Clearing Members are hereby requested to ensure the requisite amount in their respective settling bank’s account," the notice reads.

Further, the aggregate amount of CGT arising on the trading of future commodity contracts at the Pakistan Mercantile Exchange for the same period will also be collected on Tuesday, October 8, 2024

Additionally, the aggregate amount of CGT arising from the redemption of units of open-end mutual funds has also been finalized for the respective period.

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

Clearing Members and Pakistan Mercantile Exchange are requested by NCCPL to verify the investor-wise details of capital gain or loss and tax thereon, if any, through reports/downloads.

Please note that, in case of no or partial collection of CGT, necessary action will be taken in accordance with the Rules and NCCPL Regulations.

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