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Next Capital

Next Capital Limited

  • PSX TREC 048
  • Active
  • Trading & Self-Clearing
  • Karachi

Data last checked 13 Oct 2026. Spot an error? Tell us.

Key facts

  • Next Capital Limited is a Pakistan Stock Exchange trading & self-clearing broker, licence TREC 048, listed as "Active" on the PSX register.
  • It is based in Karachi and established in 2009.
  • Its largest shareholder is MUHAMMAD NAJAM ALI, with 27.48%.
  • Its chief executive is Humaira Asad.
  • Its published equity commission is 0.25% of trade value (shares priced Rs 12.01 and above); Per share, for shares priced up to Rs 12.00: printed as "0.03 Paisa" (most likely Rs 0.03, i.e. 3 paisa, per share).
  • Its trading apps include Next Capital, iInvest Pakistan Stocks (PSX) and NextCapital.
  • In the PSX top-10 lists for September 2026, it ranked #6 for active accounts.

At a glance

PSX licence
TREC 048, status "Active" on the PSX register
Office
2nd Floor Imperial Court Building, Dr. Ziauddin Ahmed Road, Karachi, Pakistan
Phone (PSX register)
021-35632356-58
Established
2009
Website
nextcapital.com.pk
Tariff page
cdn.prod.website-files.com/…/_Commission Structure -0725.pdf
Complaints page
nextcapital.com.pk/investors-complaints
Account opening
onboarding.nextcapital.com.pk/Register
Research page
nextcapital.com.pk/research
Financial disclosures page
nextcapital.com.pk/investors

PSX rankings, September 2026

#6 Active accounts#6 New UIN registrations

Fees and charges

Each rate links to the broker's own published schedule. Where the original wording is unclear, we show a plain version and the exact wording beneath it. Brokers change rates, so confirm the current rate with the broker before you trade.

ChargeApplies toRateSource
CDC charges
All CDC charges (passed through at actual)
allPassed on at actual cost (CDC charges)
As published: At Actual - CDC
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Equity commission
Commission on share value, price Rs 12.01 and above
0.25% of trade value (shares priced Rs 12.01 and above)
As published: 0.25%
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Equity commission
Commission per share, shares priced Rs 0.01 to Rs 12.00
Per share, for shares priced up to Rs 12.00: printed as "0.03 Paisa" (most likely Rs 0.03, i.e. 3 paisa, per share)
As published: 0.03 Paisa
As printed in the broker's commission schedule (July 2025 file). The table heading says 'Rs. Per share', and Rs 0.03 per share equals 0.25% at Rs 12, matching the next band, so the broker most likely means Rs 0.03 (3 paisa) per share. Read literally, 0.03 paisa would be Rs 0.0003. Confirm with the broker.
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Other charge
All NCCPL charges (at actual)
allPassed on at actual cost (NCCPL charges)
As published: At Actual - NCCPL
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Other charge
Capital Value Tax (CVT) (at actual)
allCharged at the actual rate under the Income Tax Ordinance, 2001
As published: At Actual - ITO, 2001
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Other charge
SMS charges (at cost)
allPassed on at cost
As published: At Cost
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Other charge
Sindh Sales Tax (at actual)
allCharged at the actual rate set by the Sindh Revenue Board
As published: At Actual - SRB
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Other charge
Withholding Tax (WHT) (at actual)
allCharged at the actual rate under the Income Tax Ordinance, 2001
As published: At Actual - ITO, 2001
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026
Other charge
Rollover charge on Futures, MTS and MFS positions
Per share per day on rolled-over Futures, MTS and MFS positions: printed as ".01 paisa"
As published: @ .01 paisa per share/per day
As printed. Read literally this is Rs 0.0001 per share per day; the same schedule's commission line suggests 'paisa' may be used loosely, so the broker may mean Rs 0.01 (1 paisa). Confirm with the broker.
source: cdn.prod.website-files.com/…/Structure -0725.pdf, checked 13 Oct 2026

Ownership

HolderTypeShareSource
MUHAMMAD NAJAM ALI
Director. Listed among shareholders holding 5% or more, as of 30 June 2026 (Pattern of Shareholding 2026). Holders below 5% together own the remaining 21.43% of 56,925,000 shares.
Individual27.48%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
MUHAMMAD ZULQARNAIN MAHMOOD KHAN
Director. Listed among shareholders holding 5% or more, as of 30 June 2026 (Pattern of Shareholding 2026). Holders below 5% together own the remaining 21.43% of 56,925,000 shares.
Individual15.82%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
ADNAN AFRIDI
Listed among shareholders holding 5% or more, as of 30 June 2026 (Pattern of Shareholding 2026). Holders below 5% together own the remaining 21.43% of 56,925,000 shares.
Individual9.99%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
MCB BANK LIMITED - TREASURY
Listed among shareholders holding 5% or more, as of 30 June 2026 (Pattern of Shareholding 2026). Holders below 5% together own the remaining 21.43% of 56,925,000 shares.
Bank9.69%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
HANNA KHAN
Director. Listed among shareholders holding 5% or more, as of 30 June 2026 (Pattern of Shareholding 2026). Holders below 5% together own the remaining 21.43% of 56,925,000 shares.
Individual8.09%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
MAPLE LEAF CEMENT FACTORY LTD
Listed among shareholders holding 5% or more, as of 30 June 2026 (Pattern of Shareholding 2026). Holders below 5% together own the remaining 21.43% of 56,925,000 shares.
Company7.5%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
HASAN SHAHNAWAZ
Director; holds 2,846 shares (printed as 0.005%). As of 30 June 2026 (Pattern of Shareholding 2026).
Individual0.005%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
HUMAIRA ASAD
Chief Executive Officer; holds 1,000 shares (printed as 0.002%). As of 30 June 2026 (Pattern of Shareholding 2026).
Individual0.002%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
MALIK KHURRAM SHAHZAD
Director; holds 1,265 shares (printed as 0.002%). As of 30 June 2026 (Pattern of Shareholding 2026).
Individual0.002%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026
AFZAL HAQ
Director; holds 1 share (printed as 0.000%). As of 30 June 2026 (Pattern of Shareholding 2026).
Individual0%source: cdn.prod.website-files.com/…/areholding-2026.pdf, checked 13 Oct 2026

People

NameRoleSource
Humaira AsadChief Executive Officersource: psx.com.pk/…/st-of-TREC-Holders-New-07-05-26.pdf, checked 13 Oct 2026
Hanna KhanNon-Executive Director – Chairpersonsource: nextcapital.com.pk/about, checked 13 Oct 2026
Afzal HaqIndependent Directorsource: nextcapital.com.pk/about, checked 13 Oct 2026
Hasan ShahnawazNon-Executive Directorsource: nextcapital.com.pk/about, checked 13 Oct 2026
Malik Khurram ShahzadNon-Executive Directorsource: nextcapital.com.pk/about, checked 13 Oct 2026
Muhammad Zulqarnain Mahmood KhanExecutive Directorsource: nextcapital.com.pk/about, checked 13 Oct 2026
Najam AliDirector - Vice Chairmansource: nextcapital.com.pk/about, checked 13 Oct 2026
Usama Meher EllahiIndependent Directorsource: nextcapital.com.pk/about, checked 13 Oct 2026
Ali Ahmed NoorChief Financial Officersource: nextcapital.com.pk/about, checked 13 Oct 2026
Rizwan YousufChief Regulatory Officer & Company Secretarysource: nextcapital.com.pk/about, checked 13 Oct 2026
Masood MohiChief Operating Officersource: nextcapital.com.pk/about, checked 13 Oct 2026
Shuja AlviManaging Director - Investment Bankingsource: nextcapital.com.pk/about, checked 13 Oct 2026
Tabassum NazHead of Human Resourcessource: nextcapital.com.pk/about, checked 13 Oct 2026

Services

Mobile apps

AppPlatformPublisherStore rating
Next CapitalAndroidFinqalab3.5 (29 ratings)
iInvest Pakistan Stocks (PSX)AndroidFinqalab3.8 (653 ratings)
NextCapitaliPhone / iPadNext Capital Limited5.0 (2 ratings)
iInvest Pakistan Stocks (PSX)iPhone / iPadNext Capital Limited4.4 (334 ratings)

Technology partners

Investor tools on its website

Financial disclosures

Documents the broker lists on its own website. We link to them but have not reviewed their contents. Titles are as the broker shows them.

Branches and contact

  • Karachi (head office): 2nd Floor Imperial Court Building, Dr. Ziauddin Ahmed Road, Karachi, Pakistan, +92 21 111 639 825
  • Lahore: 63-A, Agora Eden City DHA Phase VIII, Lahore, Pakistan, +92 42 3713 5843-8

email: cf@nextcapital.com.pkemail: cs@nextcapital.com.pkemail: equitysales@nextcapital.com.pkemail: research@nextcapital.com.pkfacebook: https://www.facebook.com/NextCapitalLimitedPkinstagram: https://instagram.com/nextcapitallimitedlinkedin: https://www.linkedin.com/company/next-capital-limited-pakistanphone: +92 21 111 639 825 Ext: 108phone: +92 21 111 639 825 Ext: 129phone: +92 21 111 639 825 Ext: 147phone: +92 21 111 639 825 Ext: 170phone: 92-21-35632341uan: +92-21-111-639-825 Ext. 153uan: 021 111 639 825 (021-111-NEX-TCL)whatsapp: 0314-NEXTCAP (0314-6398227)x_twitter: https://twitter.com/NextCapitalLtd

Questions about Next Capital

Is Next Capital a licensed PSX broker?

Next Capital Limited holds Trading Right Entitlement Certificate (TREC) 048 and is listed as "Active" on the Pakistan Stock Exchange register of TREC holders.

Who owns Next Capital?

According to its published shareholding, the largest shareholders are MUHAMMAD NAJAM ALI (27.48%), MUHAMMAD ZULQARNAIN MAHMOOD KHAN (15.82%) and ADNAN AFRIDI (9.99%).

What commission does Next Capital charge?

Next Capital Limited publishes an equity commission of 0.25% of trade value (shares priced Rs 12.01 and above); Per share, for shares priced up to Rs 12.00: printed as "0.03 Paisa" (most likely Rs 0.03, i.e. 3 paisa, per share). Rates change, so confirm the current rate with the broker before trading.

Who is the CEO of Next Capital?

The chief executive of Next Capital Limited is Humaira Asad.

Where is Next Capital's head office?

Next Capital Limited's head office is at 2nd Floor Imperial Court Building, Dr. Ziauddin Ahmed Road, Karachi, Pakistan.

Does Next Capital have a mobile trading app?

Yes. Next Capital Limited offers Next Capital, iInvest Pakistan Stocks (PSX) and NextCapital, available on Android and iPhone.

When was this information last checked?

The facts on this page were last checked against Next Capital Limited's own published material on 13 Oct 2026. Each fact links to its source.

Information only, not investment advice. Details come from the broker's own published material and may change; confirm anything important with the broker.