Trends - Federal Tax Ombudsman

Federal Tax Ombudsman

Wrong computation of tax liability: FTO asks FBR to refund excess income tax to taxpayers

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Jah has directed the Federal Board of Revenue (FBR) to refund the...

Updated 15 Nov, 2023 09:50am

Business & Finance

Verification of IT refund claims: FTO asks FBR to take uniform approach

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue necessary...

Published 15 Nov, 2023 06:09am

FTO barred from initiating action against banking co

ISLAMABAD: Islamabad High Court (IHC) has restrained the Federal Tax Ombudsman (FTO) from taking action against a...

Updated 09 Oct, 2023 08:43am

President dismisses FBR’s appeal against expats

ISLAMABAD: President Arif Alvi has warned the Federal Board of Revenue (FBR) to stop harassing overseas Pakistanis,...

Updated 01 Oct, 2023 10:51pm

FTO orders: FBR devises new strategy for filing review pleas

ISLAMABAD: The Federal Board of Revenue (FBR) has devised a new strategy for filing of review petitions/...

Updated 26 Sep, 2023 08:43am

Unchallenged tax demand case: FTO waiting for tax officials’ response

ISLAMABAD: The Federal Tax Ombudsman (FTO) is waiting for the response of the Federal Board of Revenue (FBR), Chief...

Updated 11 Sep, 2023 09:05am

New version of ‘IRIS’: FBR asked to remove errors

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to take corrective...

Updated 01 Sep, 2023 09:59am

Business & Finance

FTO recommends a taxpayer-friendly automated system

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended that the Federal Board of Revenue (FBR) should...

Published 30 Aug, 2023 03:33am

Sec 14(4) of Mohtasib Act: Power to decide ‘representation’ resides solely with President: SC

ISLAMABAD: The Supreme Court ruled that the power to decide the representation resides solely with and is exercised...

Updated 27 Aug, 2023 09:37am

Pakistan

Funeral prayers for FTO Asif Jah’s father offered at Sargodha

ISLAMABAD: The Namaz-e-Janaza of the father of Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah was offered at...

Published 17 Aug, 2023 03:49am

ST, FED return form: FTO directs FBR to rectify errors

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to rectify errors in the...

Updated 12 Aug, 2023 09:10am

Business & Finance

Defiance regarding recommendations: FTO urged to exert his authority

ISLAMABAD: The Federal Tax Ombudsman (FTO) has been urged to be strict with the department when there is deliberate...

Published 04 Aug, 2023 06:20am

Valuation, assessment: FTO directs DGCV to accurately classify imported cellphones

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Directorate General Customs Valuation (DGCV) Karachi to...

Updated 04 Aug, 2023 08:48am

Business & Finance

Online filing system: FBR asked to expedite process of integration with PRAs

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately expedite the...

Published 28 Jul, 2023 03:02am

Business & Finance

FTO exposes ‘illegal’ tax recovery by FBR

ISLAMABAD: Federal Tax Ombudsman (FTO) has exposed an illegal tax recovery by the Federal Board of Revenue (FBR)...

Published 22 Jul, 2023 06:06am

Business & Finance

Delay in allowing effect to court orders tantamount to maladministration: FTO

LAHORE: The Federal Tax Ombudsman (FTO) has declared that a delay in allowing effect to the higher court orders by...

Published 18 Jul, 2023 05:51am

Cases of overseas Pakistanis: FTO issues guiding policy to FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has warned the Federal Board of Revenue (FBR) that the harsh treatment of...

Updated 13 Jul, 2023 09:06am

Business & Finance

Unlawful tax recovery from Iesco: FTO orders probe against officials of LTO Islamabad

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ordered an investigation against the tax officials of the Large...

Published 02 Jun, 2023 03:56am

FTO asks FBR to conduct ‘withholding audit’ of NHA

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a withholding...

Updated 22 May, 2023 08:58am

Pakistan

DI&I Customs, Quetta: FTO unearths case of fake auction of seized vehicles

ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed a case of fake auction of the seized vehicles by the...

Published 25 Mar, 2023 06:25am

Business & Finance

Taxpayers exploiting FTO forum to defeat hierarchy of tax laws

LAHORE: Taxpayers are exploiting the forum of Federal Tax Ombudsman (FTO) to defeat a complete mechanism and...

Published 18 Mar, 2023 06:14am

Business & Finance

FTO takes strong exception to delay in clearance of refunds

LAHORE: The Federal Tax Ombudsman (FTO) has taken strong exception to delay in clearance or refunds on preconceived...

Published 11 Mar, 2023 03:16am

Business & Finance

FBR to issue legal clarification about scope of builders & developers

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a legal clarification whether contractors involved in ...

Published 04 Mar, 2023 06:10am

Business & Finance

‘Harassment’ incidents by Customs field staff: FTO orders issuance of SOP for interception of suspected vehicles

ISLAMABAD: Federal Tax Ombudsman (FTO) has recommended to Director General of Directorate General of I&I...

Published 03 Mar, 2023 06:12am

Business & Finance

FBR’s online system showing govt depts as ‘inactive’

ISLAMABAD: The Federal Board of Revenue’s (FBR) online system is showing the status of government departments/...

Published 23 Feb, 2023 05:52am

Markets

Need stressed for exploring chances of importing fuel from neighbouring countries

ISLAMABAD: Coordinator to Federal Tax Ombudsman Meher Kashif Younis Sunday urged the need for exploring the...

Published 20 Feb, 2023 06:26am

FTO orders FBR to initiate probe into ‘tractor fraud’

ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued an order in favour of poor growers/ farmers community of Sindh...

Updated 13 Feb, 2023 09:19am

Presidential directives: FBR to give explanation to FTO

ISLAMABAD: On the directions of President Arif Alvi, the Federal Board of Revenue (FBR) is bound to give an...

Updated 13 Feb, 2023 09:07am

Business & Finance

FTO asks FBR to refund Rs19,245 to ex-employee

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to allow a refund pending...

Published 07 Feb, 2023 06:07am

Business & Finance

‘Tax liability on estimations’: FTO asks FBR to revisit its order

ISLAMABAD: While disposing of a complaint, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue...

Updated 04 Feb, 2023 10:18am

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 4 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 4 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 4 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 4 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 4 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 4 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 4 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 4 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 4 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 4 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 4 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 4 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 4 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 4 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4564.76
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Nasdaq / Dec 4	14153.30
Hang Seng / Dec 4	16729.01
FTSE 100 / Dec 4	7509.75
Dow Jones / Dec 4	36139.37
Germany DAX 30 / Dec 4	16431.20
France CAC40 / Dec 4	7347.73

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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Federal Tax Ombudsman

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