Clearing Members—brokers or entities responsible for executing and settling trades—have been instructed to ensure adequate funds are available in their bank accounts to meet their CGT obligations by the due date. Failure to comply with the payment requirement may result in penalties or other actions under NCCPL’s rules.
The tax details, including calculations for individual trades, are accessible via the NCCPL’s online system. Clearing Members are advised to review these records promptly and address any discrepancies well before the deadline to avoid operational disruptions.
This reminder underscores the importance of timely compliance with tax obligations for smooth operations and adherence to regulatory requirements in Pakistan’s financial markets.