Karachi, September 12, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) announced on Thursday that it will collect Capital Gain Tax (CGT) from clearing members of the stock market on Monday, September 23, 2024. This collection pertains to the capital gains realized on the disposal of shares at the Pakistan Stock Exchange (PSX) during the period from July 1, 2024, to July 31, 2024. In its official statement, the NCCPL urged all clearing members to ensure the availability of the requisite funds in their respective settling bank accounts by the deadline. “The aggregate amount of CGT will be collected through the settling banks of the clearing members,” the announcement stated, adding that detailed reports and necessary information for the specified period have already been made available through the CGT System. Commodity Contracts and Mutual Funds In addition to stock market transactions, the NCCPL will also be collecting CGT arising from the trading of future commodity contracts at the Pakistan Mercantile Exchange (PMEX) for the same period—July 1 to July 31, 2024. The collection for this sector is also scheduled for September 23, 2024, and relevant reports have been shared with the concerned parties. Moreover, the NCCPL confirmed that the CGT arising from the redemption of units in open-end mutual funds during the aforementioned period has also been finalized. Clearing members, PMEX, and mutual fund operators have been asked to verify…