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income tax

Upcoming FY26 Budget

EDITORIAL: Minister of Finance Muhammad Aurangzeb while speaking to a foreign news agency categorically stated that...

Published 14 May, 2025 05:56am

Automated income tax refund system: FBR has failed to enforce IHC’s directive

ISLAMABAD: The Islamabad High Court’s landmark judgment for effective enforcement of an automated income tax refund...

Updated 12 May, 2025 02:53pm

Federal budget 2025-26: Cut in taxation rates for salaried people likely

Relief measures include at least 2.5% reduction in income tax slabs

Updated 10 May, 2025 04:48pm

Opinion

Tax Laws (Amendment) Ordinance, 2025: Ill-advised, confiscatory & undemocratic

The President of Pakistan issued Tax Laws (Amendment) Ordinance, 2025, published in The Gazette of Pakistan on May ...

Updated 09 May, 2025 07:59am

FBR issues SRO to amend Income Tax Rules 2002

ISLAMABAD: The Federal Board of Revenue (FBR) will pay a huge amount of Rs 500,000 as one-time remuneration to the...

Updated 09 May, 2025 09:31am

Opinion

Income Tax (Amendment) Act 2025

General Just four weeks before the introduction of the Finance Bill 2025 in the National Assembly, the President ...

Published 06 May, 2025 03:19am

Law promulgated for sudden tax recovery

Powers of the FBR officials have been considerably enhanced for recovery through attachment and sale of any movable or immovable properties of taxpayers

Updated 04 May, 2025 09:15am

Tola underscores need for resolving narrow tax base issue

LAHORE: To address the issue of a narrow tax base, the government should implement several solutions, including...

Updated 04 May, 2025 09:18am

State Bank of Pakistan identifies obstacles to FDI inflows

KARACHI: The State Bank of Pakistan (SBP) has identified political and economic instability, high taxation and...

Updated 02 May, 2025 09:23am

Earning below Rs1 million annually: KTBA proposes tax exemption for salaried people

KARACHI: Karachi Tax Bar Association (KTBA) has proposed to exempt income tax from the salaried class earning below...

Updated 02 May, 2025 09:03am

ITO provisions and Section 4B: SC urged to harmonise definition of ‘income’

ISLAMABAD: The Supreme Court was asked to harmonise the definition of income given in various provisions of Income...

Updated 30 Apr, 2025 09:13am

Hydel projects: KP seeks tax relief on par with private sector & AJK

ISLAMABAD: The Khyber Pakhtunkhwa government has sought Income Tax exemptions for its hydel projects at par with...

Updated 26 Apr, 2025 01:54pm

SC CB asks whether super tax is a ‘tax’ or ‘fee’

ISLAMABAD: Supreme Court Judge Justice Muhammad Ali Mazhar has said that if the apex court concludes that the levy...

Updated 16 Apr, 2025 08:55am

Budget 2025-26

Salaried class: Call for revision of tax slabs, rise in exemption limits

ISLAMABAD: The Salaried Class Alliance Pakistan has called for a revision of tax slabs, an increase in exemption...

Updated 14 Apr, 2025 08:56am

Budget 2025-26

Budget FY26: Relief for salaried people, cut in power rates likely

Finance Minister Muhammad Aurangzeb says efforts under way to lower power bills by July, or earlier

Updated 12 Apr, 2025 02:55pm

Business & Finance

FY26 budget: salaried class urges govt to raise tax exemption limit to Rs1.2 million

As the government commenced preparations for the upcoming budget, the tax-burdened salaried individuals have jointly...

Updated 10 Apr, 2025 09:50pm

SC to take up pleas against Super Tax tomorrow

ISLAMABAD: The constitutional bench of the Supreme Court will take up petitions against Sections 4B and 4C of the...

Updated 06 Apr, 2025 11:28am

Opinion

‘Unconstitutional’ windfall tax—II

Discriminatory without intelligible differentia [Points 7 & 8] The Supreme Court of Pakistan in Federation of...

Published 30 Mar, 2025 06:17am

Teachers: federal cabinet restores 25pc income tax rebate

ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Cabinet has restored 25 percent...

Updated 28 Mar, 2025 02:10pm

First review of $7bn EFF, and new $1.3bn RSF arrangement: SLA reached; IMF praises performance

Government can unlock the $1.3billion under a new climate resilience loan programme spanning 28 months

Updated 27 Mar, 2025 03:13pm

Editorials

The high cost of punitive taxation

EDITORIAL: The fundamentally flawed nature of the tax regime operational in Pakistan is both well-documented and...

Published 19 Mar, 2025 05:48am

Automated income tax refund system: FBR fails to implement IHC judgement

ISLAMABAD: The Islamabad High Court’s landmark judgment for effective enforcement of an automated income tax refund...

Updated 17 Mar, 2025 08:48am

Editorials

SMEs and the high cost of formal economy

EDITORIAL: In yet another attempt in a long line of programmes aimed at promoting the SME sector, the Small and...

Published 28 Feb, 2025 06:49am

Iron, steel scrap importers: FBR withdraws EFS facility

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn facility of Export Facilitation Scheme (EFS) 2021 from...

Updated 26 Feb, 2025 02:59pm

Solar net metering consumers: Discovering Rs9.8bn loss, FTO orders 18pc GST levy

ISLAMABAD: The Federal Tax Ombudsman (FTO) discovering huge revenue loss of Rs9.8 billion, passed the order for...

Updated 25 Feb, 2025 08:11pm

Business & Finance

Windfall tax: FBR recovers Rs 23bn from 16 banks

ISLAMABAD: The Federal Board of Revenue (FBR) has recovered Rs 23 billion from 16 banks on account of windfall tax...

Published 24 Feb, 2025 06:23am

Business & Finance

ADR amendments: Banks deposited Rs72bn by Dec 31st: FBR chief

ISLAMABAD: Federal Board Revenue (FBR) Chairman Rashid Mahmood Langrial Wednesday said banks have deposited Rs72...

Published 20 Feb, 2025 06:44am

Credits against tax WH: FBR issuing notices to salaried individuals: KTBA

KARACHI: The Federal Board of Revenue (FBR) has reportedly started issuing notices to salaried individuals, alleging...

Updated 14 Feb, 2025 09:30am

Pakistan

Teachers protest against tax deductions on salaries

ISLAMABAD: Joint Action Committee (JAC), a body of all the employees of Federal Directorate of Education (FDE), has...

Published 05 Feb, 2025 08:15am

SRB will be sole authority for collection, enforcement

KARACHI: Sindh Revenue Board (SRB) has been designated as the authority responsible for the collection and...

Updated 04 Feb, 2025 09:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	146.04
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
India Sensex / May 14	81,330.56
Tokyo Nikkei / May 14	37,705.74
Nasdaq / May 14	19,146.81
Hang Seng / May 14	23,574.72
FTSE 100 / May 14	8,585.01
Dow Jones / May 14	42,051.06
Germany DAX 30 / May 14	23,527.01
France CAC40 / May 14	7,836.79

Item	Value
Crude Oil USD/Barrel / May 14	61.91
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Gold Spot USD/Ounce / May 14	3,152.57
Cotton US¢/pound / May 14	65.37
Petrol/Litre / May 15	252.63
Diesel/Litre / May 15	256.64

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3 ▲ 0.39 (14.94%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.68 ▲ 0.44 (13.58%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Al-Shaheer Corp / May 15 Al Shaheer Corporation Limited(ASC)	8.51 ▲ 0.79 (10.23%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
LSE Financial Serv. / May 15 LSE Financial Services Limited(LSEFSL)	24.19 ▲ 2.2 (10%)
P.N.S.C / May 15 Pakistan National Shipping Corporation(PNSC)	285.03 ▲ 25.91 (10%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.37 ▼ -2.92 (-9.97%)
National Silk / May 15 The National Silk & Rayon Mills Limited(NSRM)	41.70 ▼ -4.51 (-9.76%)
Tri-Star Mutual / May 15 Tri-Star Mutual Fund Limited(TSMF)	7.95 ▼ -0.85 (-9.66%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Tandlianwala Sugar / May 15 Tandlianwala Sugar Mills Limited(TSML)	152 ▼ -12.68 (-7.7%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.53 ▼ -4.41 (-7.36%)
Quetta Textile / May 15 Quetta Textile Mills Limited(QUET)	11.25 ▼ -0.89 (-7.33%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Diamond Ind. / May 15 Diamond Industries Limited(DIIL)	24.89 ▼ -1.31 (-5%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	33,456,658 ▲ 1.95
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	31,954,190 ▲ 0.2
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,893,691 ▲ 0.32
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	22,830,013 ▲ 3.4
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	17,424,867 ▲ 0.2
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	16,202,162 ▲ 0.86
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	15,289,246 ▲ 0.09
B.O.Punjab / May 15 The Bank of Punjab(BOP)	11,781,786 ▲ 0.17
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	9,902,109 ▲ 3.89
Al-Shaheer Corp / May 15 Al Shaheer Corporation Limited(ASC)	9,086,656 ▲ 0.79

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