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NCCPL

  • NCCPL and CDC jointly carries out a business continuity management drill

    Karachi, September 28, 2021 (PPI-OT):Pakistan, National Clearing Company of Pakistan Limited (NCCPL) and Central Depository Company (CDC) have successfully completed a business continuity management drill. The exercise was planned for the most critical business functions to assess the readiness to continue operations in the event of unforeseen situations or emergencies. The exercise was conducted on…

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  • Recent amendments in Murabaha Share Financing

    Karachi, April 15, 2021 (PPI-OT): National Clearing Company of Pakistan Limited (NCCPL) had launched Murabahah Share Financing (MSF) system back in September 2019, following the Regulations approval from Securities and Exchange Commission of Pakistan (SECP). The MSF is a product of NCCPL providing the shariah compliant leverage facility for the investors of the capital market…

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  • Humayun Bashir Re-elected as Chairman NCCPL

    Karachi, March 08, 2021 (PPI-OT): Humayun Bashir has been re-elected as the chairman of the National Clearing Company of Pakistan Limited (NCCPL) again by its Board of Directors. Bashir has over 40 years of diversified experience with the International Business Machines Corporation (IBM) in Pakistan, Afghanistan, Iran, and the MENA headquarters. He also served as…

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  • Online Account Opening

    Karachi, January 13, 2021 (PPI-OT): The National Clearing Company of Pakistan (NCCPL), in its role as a Centralized Know Your Customer Organization “CKO”, had proposed a digital client on boarding process in collaboration and consultation with all the stakeholders. The Securities and Exchange Commission of Pakistan “SECP” spearheaded the initiative and approved the regulatory framework…

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  • NCCPL collaborates with Befiler (Private) Limited

    Karachi, November 09, 2020 (PPI-OT): National Clearing Company of Pakistan Limited (“NCCPL”), an infrastructure institution of Pakistan’s capital market, has been mandated by Federal Board of Revenue (“FBR”) to Compute, Determine, Collect and Deposit Capital Gain Tax (“CGT)” on disposal of listed securities. NCCPL has developed an automated CGT system to discharge the said role…

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  • NCCPL launches Risk Management System at Pakistan Stock Exchange

    Karachi, August 10, 2018 (PPI-OT): National Clearing Company of Pakistan Limited (NCCPL) launched an in-house developed post trade Risk Management System (RSM), replacing the earlier employed PSX’s system. The new system empowers NCCPL and market participants to more vigilantly implement and monitor risk management by linking various functions, such as exposure monitoring and collateral in…

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