Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced the collection of Capital Gain Tax (CGT) from Clearing Members (CMs) for the period of July 1, 2026, to July 31, 2026. According to a report released on September 1, 2026, the collection is set to occur on Tuesday, September 8, 2026, through the respective settling banks of the CMs.

According to information available from the Pakistan Stock Exchange (PSX), the aggregate CGT amount arises from the disposal of shares during the specified period. CMs have been instructed to ensure the availability of the requisite amount in their settling bank accounts by the specified date.

The NCCPL has made necessary details and reports for the relevant period accessible in the CGT System. CMs are required to verify investor-wise details of capital gains or losses and the corresponding tax liabilities, if any, through the available reports and downloads. In cases where there is no collection or partial collection of the CGT, CMs are mandated to immediately report the names and unique identification numbers (UINs) of defaulting customers to the NCCPL following the collection date.

The NCCPL has underscored that failure to comply with these requirements may lead to actions in accordance with its applicable rules and regulations. This directive is crucial for maintaining compliance and ensuring the smooth operation of financial transactions within the Pakistan Stock Exchange's designated market category.