PSX investors to pay CGT for July on Sep 23, 2024: NCCPL

September 12, 2024 (MLN): The aggregate amount of CGT arising on the disposal of shares at the Pakistan Stock Exchange (PSX) for the period from July 01, 2024, to July 31, 2024, would be collected on Monday, September 23, 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 today.

"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 period July 01, 2024 to July 31, 2024 would also be collected from the Pakistan Mercantile Exchange on Monday September 23, 2024.

Moreover, the aggregate amount of CGT arising on redemption of units of open-end mutual funds has also been finalized for the period July 01, 2024 to July 31, 2024.

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

Clearing Members and Pakistan Mercantile Exchange are hereby requested 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 none or partial collection of CGT, necessary action would be taken in accordance with the Rules and NCCPL Regulations.

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