Capital Gains Tax

For tax year 2025-26, filers pay 15% CGT on gains from PSX shares. Non-filers pay 20% CGT. The rate applies to the net gain (sell price minus buy price). NCCPL deducts CGT automatically at the time of settlement — you do not need to calculate or pay it separately.

NCCPL (National Clearing Company of Pakistan Limited) deducts CGT at source during the settlement of each sell transaction. The deduction is based on your filer/non-filer status on the FBR Active Taxpayer List (ATL) at the time of sale. The net amount after CGT is credited to your brokerage account.

CGT is charged only on profitable trades — it applies to the gain (sell price minus acquisition cost). If you sell at a loss, no CGT is deducted. NCCPL calculates gains on a FIFO (first in, first out) basis per scrip, so partial sells are matched against the earliest purchase price.

Non-Resident Pakistanis (NRPs) investing through a Roshan Digital Account are exempt from CGT on PSX gains under the special NRP scheme. Overseas Pakistanis investing through regular brokerage accounts are subject to the same rates — 15% for filers, 20% for non-filers.

CGT deducted by NCCPL is a final tax — it does not need to be separately declared as income in most cases. However, report total CGT deducted in the wealth reconciliation section of your FBR return. Your broker or NCCPL provides an annual CGT statement you can use for this.