PSX investors to pay CGT for Sep on Oct 30, 2024: NCCPL

October 24, 2024 (MLN): The aggregate amount of CGT arising on disposal of shares at Pakistan Stock Exchange for the period September 1, 2024 to September 30, 2024, would be collected on Wednesday October 30, 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.

"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 trading of future commodity contracts at Pakistan Mercantile Exchange for the period September 1, 2024 to September 30, 2024 would also be collected from the Pakistan Mercantile Exchange on Wednesday October 30, 2024.

Moreover, the aggregate amount of CGT arising on redemption of units of open end mutual funds have also been finalized for the period September 1, 2024 to September 30, 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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