PSX investors to pay CGT for Oct on Nov 29, 2024: NCCPL

November 22, 2024 (MLN): The aggregate amount of Capital Gain Tax (CGT) arising on the disposal of shares at the Pakistan Stock Exchange (PSX) for the period from October 1, 2024 to October 31, 2024, would be collected on Friday, November 29, 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 October 1, 2024 to October 31, 2024 would also be collected from the Pakistan Mercantile Exchange on Friday November 29, 2024.

Moreover, the aggregate amount of CGT arising on redemption of units of open end mutual funds has also been finalized for the period October 1, 2024 to October 31, 2024.

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

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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