Karachi: The National Clearing Company of Pakistan Limited (NCCPL) is set to collect Capital Gain Tax (CGT) from Clearing Members, the Pakistan Mercantile Exchange Limited, and Asset Management Companies on Thursday, July 31, 2025. This collection will cover the CGT arising from various financial activities conducted during specified periods.

The aggregate CGT on the disposal of shares at the Pakistan Stock Exchange for the period from June 1, 2025, to June 30, 2025, will be collected through the respective settling banks of the Clearing Members. According to information available from the Pakistan Stock Exchange (PSX), Clearing Members are urged to ensure that the requisite amount is available in their settling bank accounts. Detailed reports for the specified period have been made accessible in the CGT System for verification.

Additionally, the CGT arising from trading future commodity contracts at the Pakistan Mercantile Exchange, spanning December 1, 2024, to June 30, 2025, will be collected on the same date. The necessary documentation and reports for this period have been provided to facilitate the process.

In the asset management sector, the CGT from the redemption of units of open-end mutual funds for the period from June 1, 2025, to June 30, 2025, has been finalized. The detailed reports are available for Clearing Members to verify the investor-wise details of capital gain or loss and any applicable tax through the CGT System.

Clearing Members are advised to submit the names and unique identification numbers of any defaulting customers immediately after the CGT collection date to avoid punitive measures as per NCCPL's rules and regulations. The NCCPL has emphasized compliance with these procedures to ensure a smooth and efficient tax collection process within the designated market category.