Heading: CGT PAYMENT DEADLINE FOR APRIL 2025 SHARE DISPOSALS SET FOR JUNE 2 - 2025-05-23
Karachi, May 23, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has officially announced that the capital gain tax (CGT) payment for the month of April 2025 will be due on Monday, June 2, 2025. This tax payment pertains to gains made on the disposal of shares at the Pakistan Stock Exchange (PSX) during the period from April 1 to April 30, 2025. According to the notification, the CGT payment will be collected through the respective settling banks of all Clearing Members (CMs). CMs have been urged to ensure that the necessary funds are available in their designated settlement bank accounts by the due date. The NCCPL emphasized that all relevant details and reports for this period are already accessible in the CGT System for timely reconciliation and processing. In addition to share disposals at PSX, the CGT liability arising from the redemption of units of open-end mutual funds during April 2025 has also been finalized. Detailed reports related to these transactions have similarly been uploaded to the CGT System for review. All Clearing Members are…
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