Karachi: The National Clearing Company of Pakistan Limited (NCCPL) announced on June 24, 2026, that it will collect the aggregate amount of Capital Gain Tax (CGT) from clearing members, the Pakistan Mercantile Exchange (PMEX), and asset management companies for various periods of 2025 and 2026.

The NCCPL detailed that the CGT arising from the disposal of shares at the Pakistan Stock Exchange (PSX) for the period between May 1, 2026, and May 31, 2026, will be collected on Friday, July 3, 2026, through respective settling banks of the clearing members. Clearing members have been urged to ensure the requisite amounts are available in their settling bank accounts. According to information available from the Pakistan Stock Exchange (PSX), necessary details and reports for the said period have already been made available in the CGT System.

Furthermore, the CGT related to trading of future commodity contracts at the PMEX, for the period from July 1, 2025, to November 30, 2025, has been finalized based on transactional data received from PMEX. Corresponding details and reports for this period have been made accessible in the CGT System for review and reconciliation. The computation and determination of CGT for the remaining period of the current tax year will proceed following the receipt of requisite data from PMEX.

Additionally, the aggregate CGT from the redemption of units of open-end mutual funds for the period from May 1, 2026, to May 31, 2026, has also been finalized. Relevant details and reports for asset management companies have been made available in the CGT System.

Clearing members are tasked with verifying investor-wise details of capital gains or losses, and any associated tax, through the available reports in the CGT System. In cases of non-collection or partial collection of CGT, clearing members are advised to immediately provide the names and Unique Identification Numbers (UINs) of defaulting customers to NCCPL after the CGT Collection Date. Failure to comply may lead to necessary actions as per NCCPL's applicable rules and regulations.

The NCCPL also stated in their circular dated June 5, 2026, that CGT refunds previously held and adjusted against Super Tax obligations up to May 31, 2026, will be released, while Super Tax obligations will be reinstated as of May 31, 2026. Members are encouraged to verify investor-wise details and seek consensus from relevant investors for settlement of the Super Tax obligations.