The Securities and Exchange Commission of Pakistan (SECP) has announced 9 February 2026 as the implementation date for securities traded on the Pakistan Stock Exchange to transition from a T+2 to a T+1 settlement cycle. Under SECP’s guidance, NCCPL is leading the change in coordination with market stakeholders including PSX, CDC, PMEX, securities brokers, banks and industry associations. An implementation committee comprising representatives from SECP, CMIIs, custodian banks and brokers has been formed, and NCCPL has prepared a roadmap covering the proposed T+1 settlement mechanism and procedural guidance. SECP advised market participants to review operational readiness and address potential challenges ahead of implementation, noting that faster settlement is expected to reduce credit and market risk and support market liquidity.
Securites & Exchange Commission of Pakistan 2025-07-28
Securities and Exchange Commission of Pakistan sets 9 February 2026 for Pakistan Stock Exchange move to T+1 settlement
The Securities and Exchange Commission of Pakistan (SECP) announced the transition to a T+1 settlement cycle for securities on the Pakistan Stock Exchange, effective 9 February 2026. The National Clearing Company of Pakistan Limited (NCCPL) is coordinating the change with market stakeholders and has prepared a roadmap for implementation. SECP advises market participants to ensure operational readiness, noting that the faster settlement is expected to reduce credit and market risk and enhance liquidity.