Karachi: In a significant development for Pakistan's capital market, the National Clearing Company Pakistan Limited (NCCPL), in concert with the Pakistan Stock Exchange and the Central Depository Company of Pakistan Limited, has announced a shift from a T+2 to a T+1 settlement cycle. The change, set for February 9, 2026, is overseen by the Securities and Exchange Commission of Pakistan (SECP).

The Chairman of SECP noted Pakistan's early transition to the T+1 cycle, aligning with practices already adopted by countries such as the USA, China, Canada, Mexico, and Argentina. This alignment is seen as a testament to the advancing maturity and resilience of Pakistan’s capital markets.

Dr. Shamshad Akhtar, Chairperson of the PSX Board, expressed deep appreciation for the dedication and commitment of the team involved. She emphasized that the move to a T+1 cycle is part of a global trend towards more efficient financial markets.

Naveed Qazi, CEO of NCCPL, described the transition to the T+1 cycle as a crucial step in boosting market efficiency and investor confidence. He acknowledged the SECP's formation of an Implementation Committee to oversee the process, ensuring representation from all major stakeholders.

This transition, driven by regulatory guidance and industry collaboration, represents a significant leap forward in Pakistan's financial market infrastructure, reinforcing investor trust and supporting sustainable growth.