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National Clearing Company of Pakistan Limited

Business TypeOther
Main MarketsEastern Asia
Product/ServiceBusiness Services
Business Owner
Employees51 - 100 People

Company Introduction

As a part of Capital Market Development Programme of Asian Development Bank (ADB) in Pakistan, the Capital Market Project Consultants (Arthur Anderson & Co.) mandated to develop recommendations for a National Clearing & Settlement System (NCSS) to replace the separate and individual Clearing Houses of three Stock Exchanges i. E. The Karachi Stock Exchange (KSE) , Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) by a single and centralized entity.
Accordingly the Company was incorporated on July 3, 2001 to manage and operate the National Clearing & Settlement System (NCSS) in a fully automated electronic settlement system. Ncss Live Operations were commenced from December 24, 2001. However, the Company became fully operational in the year 2003-04 by inducting and handling clearing and settlement of all book-entry securities through NCSS. Thereafter, any security which becomes live in CDS, on ready status, is accordingly inducted into the NCSS.
The Operations of NCCPL are governed by the following:

Contact Information

Contact PersonMr. Rehan Shams
Fax Number92-2460827
Post Code
Address8th Floor Karachi Stock Exchange I. I. Chundrigar Road, Karachi,
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