Trends - FTO - Business Recorder

FTO

Customs delays probe against non duty paid products

ISLAMABAD: The Federal Board of Revenue’s (FBR) customs authorities have delayed investigation against allegations...

Published 12 Jun, 2024 06:51am

Business & Finance

Going after taxpayers without sound legal footing constitutes harassment: FTO

ISLAMABAD: The Inland Revenue tax officials are allegedly committing the worst kind of harassment by issuing illegal...

Published 08 Jun, 2024 07:00am

Business & Finance

Assessment of same vehicle on different values: FTO seeks explanation

LAHORE: The Federal Tax Ombudsman (FTO) has sought explanation from the Customs department regarding assessment of a...

Published 07 Jun, 2024 06:24am

Business & Finance

FBR asked to stop harassing taxpayers by demanding individual CPRs

ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern that the Federal Board of Revenue (FBR) is...

Published 07 Jun, 2024 06:24am

Business & Finance

Move to defend stance before FTO: Taxpayer’s lawyer declared habitual litigant by CTO

ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office, Islamabad recently adopted an unconventional novel...

Published 07 Jun, 2024 06:24am

Business & Finance

FBR asked to review banks’ withholding regime

ISLAMABAD: The Federal Tax Ombudsman (FTO) has recommended the Federal Board of Revenue (FBR) to review regulatory...

Published 05 Jun, 2024 06:25am

FTO proposes massive changes in tax policy/laws

ISLAMABAD: The Federal Tax Ombudsman (FTO) has proposed massive changes in tax policy/laws through Finance Bill 2024...

Updated 02 Jun, 2024 12:21pm

Business & Finance

‘FTO is working to provide relief to business community’

PESHAWAR: Federal Tax Ombudsman, Dr Asif Mehmood Jah has said that FTO is a businessmen and tax payers’ friendly...

Published 01 Jun, 2024 06:59am

Pakistan

Delay in payment of refunds major area of concern for FTO’s office: Jah

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has said the taxpayers are fully confident to obtain ...

Published 31 May, 2024 06:58am

Business & Finance

FTO asks ECC to decide about disposal of seized ambulances

ISLAMABAD: The Federal Tax Ombudsman (FTO) has asked the Economic Coordination Committee (ECC) to take decision on...

Published 30 May, 2024 06:19am

Pakistan

SC’s order in refund matters: CTO Islamabad fails to submit comments before FTO

ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office (CTO), Islamabad has failed to timely submit...

Published 29 May, 2024 06:05am

Business & Finance

Customs values on import of welding electrodes revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of welding...

Published 29 May, 2024 06:05am

Business & Finance

FTO issues instructions to FBR: Field formations should not demand individual CPRs from taxpayers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the field formations...

Published 29 May, 2024 06:05am

Pakistan

KMU hosts awareness session on taxpayer rights

PESHAWAR: Khyber Medical University (KMU) hosted an awareness session on safeguarding taxpayers’ rights at Dr...

Published 27 May, 2024 05:52am

Orders of President, Cabinet Division ignored: FBR still filing petitions against FTO

ISLAMABAD: Despite clear-cut directions from the Cabinet Division and against the orders of the president issued in...

Updated 26 May, 2024 09:14am

Directorate of PCA (South) Karachi: FTO for withdrawal of illegal audit notices to importers

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Directorate of Post-Clearance Audit Karachi to withdraw...

Updated 25 May, 2024 08:42am

Business & Finance

Auctioned vehicles by successful bidders: FBR directed to devise comprehensive SOP for timely lab testing

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to devise a comprehensive...

Published 22 May, 2024 05:54am

Business & Finance

FTO instructs FBR to ensure IR Commissioner in addressing rectification application

ISLAMABAD: The Federal Tax Ombudsman (FTO) has instructed the Federal Board of Revenue (FBR) to ensure that the...

Published 22 May, 2024 05:54am

Business & Finance

FTO says overseas Pakistanis entitled to import vehicles under IPO

ISLAMABAD: The overseas Pakistanis are entitled to import vehicles under personnel baggage scheme, transfer of...

Published 20 May, 2024 05:44am

Business & Finance

Delay in issuance of tax refund for 2013-14: CTO involved in justice maladministration: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah in a landmark judgment has declared that Corporate ...

Published 20 May, 2024 05:44am

Art/music students: FTO directs FBR not to charge 20-40pc WHT on honoraria

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to stop Punjab Council of...

Updated 19 May, 2024 09:31am

Pakistan

Violation of SC orders: FTO orders probe against CTO Islamabad officials

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has ordered an investigation against the Federal ...

Published 18 May, 2024 05:45am

Business & Finance

Case involving release of vehicle: FBR directed to investigate allegations of maladministration by Taftan, Quetta customs

ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued directives to the Federal Board of Revenue (FBR) to ...

Published 15 May, 2024 05:47am

Business & Finance

PCJCCI holds awareness session about role & functions of FTO

LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) organized an awareness session for ...

Published 14 May, 2024 05:18am

Business & Finance

LCCI, FTO hold awareness session on Role of FTO

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) in collaboration with Federal Tax Ombudsman (FTO)...

Published 03 May, 2024 06:29am

Bringing developers, builders into tax net: FBR fails to achieve desired results

It is learnt that the FBR is expected to issue increased values of immovable properties from July 1, 2024

Updated 01 May, 2024 03:24pm

FTO advisor vows to redress taxpayers’ grievances

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.72
USD PKR Interbank Buying / Jun 12	278.47
USD to Japanese Yen / Jun 12	157.24
USD to Swiss Franc / Jun 12	0.90
Pound Sterling to USD / Jun 12	1.27
Euro to USD / Jun 12	1.07

Stock	Volume
S&P 500 / Jun 11	5375.32
Nasdaq / Jun 11	17343.55
Dow Jones / Jun 11	38747.42
India Sensex / Jun 12	76895.82
Tokyo Nikkei / Jun 12	38876.71
Hang Seng / Jun 12	17987.80
FTSE 100 / Jun 12	8203.88
Germany DAX 30 / Jun 12	18489.75

Item	Value
Petrol/Litre / Jun 12	268.36
Crude Oil USD/Barrel / Jun 12	78.46
Karachi Cotton PKR/37.32 KG / Jun 12	19935
Gold 10 Grams PKR / Jun 12	207390
Gold Spot USD/Ounce / Jun 12	2315.02
Diesel/Litre / Jun 12	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 12 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 12 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 12 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 12 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 12 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 12 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 12 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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