Thursday February 5 2026
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Pakistan
National Clearing Company of Pakistan Limited (NCCPL) in collaboration with Pakistan Stock Exchange Limited (PSX) and Central Depository Company of Pakistan Limited (CDC), collectively referred to as Capital Market Infrastructure Institutions (CMIIs) announced that the transition of settlement cycle from T+2 to T+1 shall be effective from Monday February 09, 2026.
For trades executed prior to the go-live date, settlement shall be processed as per existing T+2 basis. There will be merged clearing on Tuesday, February 10, 2026 for trade date February 06 and February 09, 2026. Market Participants are required to ensure adequate operational readiness to manage parallel settlement obligations during the transition phase.
| Market Type | Trade Date | Settlement Cycle | Settlement Date |
| Regular & GEM | Wednesday, February 04, 2026 | T+2 | Monday, February 09, 2026 |
| Regular & GEM | Friday, February 06, 2026 | T+2 | Tuesday, February 10, 2026 (Merged Clearing) |
| Regular & GEM | Monday, February 09, 2026 | T+1 |
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