Karachi, February 10, 2026: Pakistan’s capital market has successfully moved to the T+1 settlement cycle, a major step aimed at improving efficiency and reducing risk in stock market transactions.
From February 9, 2026, all eligible trades at the Pakistan Stock Exchange (PSX) are now settled on a Trade plus one (T+1) basis instead of the previous T+2 system. This means trades will now be completed one day after the transaction, allowing investors to receive funds and shares more quickly.
The transition was carried out under the supervision of the Securities and Exchange Commission of Pakistan (SECP) in coordination with PSX, National Clearing Company of Pakistan Limited (NCCPL), Central Depository Company (CDC), State Bank of Pakistan (SBP), and other market participants.
With this move, Pakistan joins countries like the United States and China that have already adopted shorter settlement cycles. The change is expected to improve liquidity, reduce settlement risk, and increase investor confidence.
SECP Chairman Dr. Kabir Ahmed Sidhu praised the efforts of PSX, CDC, and NCCPL for successfully implementing the new system. He said the reform will strengthen Pakistan’s capital market and align it with international standards.
The shift to T+1 is part of broader efforts to modernize Pakistan’s financial markets and make them more secure and efficient