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'The NCCPL has offices in stock exchange buildings and biometric verification should be conducted at one place instead of verification by each broker independently,' said one PSX stock broker based in Islamabad.
NCCPL advised to proceed in line with the NADRA instructions.
Such a settlement bank only processes payments and receipts of funds on behalf of its broker clients with NCCPL for their sale/ purchase transactions in stock exchange.
The Federal Board of Revenue (FBR) proposed a law that will enable the National Clearing Company of Pakistan Limited (NCCPL) to verify the tax liabilities and compute refunds of members and investors of Pakistan Stock Exchange (PSX) and Pakistan Mercantile Exchange (PMEX).
National Clearing Company of Pakistan Limited (NCCPL), which provides clearing and settlement services to all three stock exchanges in Pakistan, announced the formal full launch of its latest service for the capital market investors National Custodial Services (NCS) at a press conference.
An agreement between the clearing company (NCCPL) and authorised financiers would be executed for the settlement of MTS transactions.
Meetings held between the Securities and Exchange Commission of Pakistan (SECP) chairman Aamir Khan and National Clearing Company of Pakistan Ltd (NCCPL) considered ways and means to facilitate flow of funds in the market.
Representatives from notable organizations including National Incubation Centers, NCCPL, and the Ministry of Finance were present to encourage the women startups.
National Clearing Company of Pakistan Limited (NCCPL), which collects capital gains tax on shares, has determined the value of shares for CGT based on this formula in accordance with Section 37a of ITO 2001.
The decision with regard to setting up a fund was finalised after his meeting with all the stakeholders, including stockbrokers, officials of the Central Depository Company (CDC), National Clearing Company of Pakistan Limited (NCCPL) and the state bank.
Aamir Niazi, CEO, People and Business Advisory, HRSG, moderated the discussion which was partaken by Mohammad Luqman, CEO, NCCPL, Adam Wakeley, MD, Marsh, and Moonis Alvi, CEO, KElectric.
ISLAMABAD -- The Securities and Exchange Commission of Pakistan's Shariah Advisory Board (SAB) has granted its approval to Murabaha share financing product proposed by the National Clearing Company of Pakistan Limited (NCCPL).
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- NCCOSC In-Service Engineering
- NCCOSC RDTE
- NCCOSC Research and Development Center
- NCCS Change Request
- NCCS Data Management