Topic

income tax law

Construction sector: No relief until abolition of Sect 7E of income tax law

Updated 16 Feb, 2026 09:37am

ISLAMABAD: The government’s expected relief package for the construction sector would be meaningless until...

Sec 109-A of Income Tax law challenged: FCC sets aside SHC CB’s May 5 order

Published 21 Dec, 2025 06:40am

ISLAMABAD: The Federal Constitutional Court (FCC) has set aside the order dated 5 May 2025 passed by the...

Sec 4B of income tax law: SC asked to dismiss appeals of cos, big units

Updated 20 May, 2025 09:21am

ISLAMABAD: The Supreme Court has been asked to dismiss appeals of the companies and big industrial entities and...

Sections 4B and 4C of Income Tax law: IHC, LHC ordered to transfer pending ICAs to SC

Updated 13 Mar, 2025 08:44am

ISLAMABAD: The Islamabad High Court (IHC) and the Lahore High Court (LHC) were ordered to transfer pending...

Sections 177 and 214C of Income Tax law: Structured procedure for audits by IR explained

Updated 24 Jan, 2025 08:03am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has explained a structured procedure for conducting audits ...

Finance Act, 2024: FBR official explains changes made to Sales Tax

Published 16 Jul, 2024 06:26am

LAHORE: Raza Ashfaq, Commissioner, Inland Revenue and Member Sales Tax Appellate Tribunal Punjab, has explained...

Finance Bill 2024: New ‘late filers’ category introduced

Updated 13 Jun, 2024 03:48pm

Category created to attract higher rate of tax for late filing of income tax return

Fear comes alive: all salaried persons earning over Rs50k a month to bear higher taxation in FY25

Updated 12 Jun, 2024 10:15pm

Govt maintains number of tax slabs at 6 and exemption till Rs50,000, but increases tax liability for all other salary earners

‘Defenders’ take ‘deemed income’ as tax on income, not on property

Published 31 May, 2024 06:58am

LAHORE: The “defenders” of the concept of ‘deemed income’ take it as a tax on income and not on property,...

Tribunal sets aside orders of OIR for not following directions of Commissioner-IR Appeals

Published 12 May, 2024 03:09am

LAHORE: An Income Tax Tribunal has set-aside the orders of an Officer Inland Revenue (OIR) for not following the...

Fast-track solar PV projects by Arab countries: FBR asked to amend sales tax, income tax laws

Updated 06 May, 2024 09:25am

The government is actively working towards the development of solar PV projects utilizing the G2G mode

Tax dept accused of conducting audit proceedings under ‘repealed’ law

Published 28 Apr, 2024 02:56am

LAHORE: A taxpayer has accused the tax department for carrying out audit proceedings under repealed provision of the...

Critics say concept of ‘deemed’ income alien to income tax law

Published 18 Apr, 2024 03:24am

LAHORE: The critics of the concept of deemed income have termed it discriminatory, saying that it provides certain...

Ultimate beneficial ownership: Requirements more stringent in income tax law than corporate one: expert

Updated 28 Oct, 2023 09:49am

ISLAMABAD: The requirements of ultimate beneficial ownership as laid down in the Income Tax law are more stringent...

FBR to field DTOs to identify new taxpayers

Updated 09 Oct, 2023 09:44am

ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across...

Income tax law: FBR proposes new definition of word ‘banking’

Updated 14 Aug, 2023 05:32pm

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Taxation officers, foreign firms and agents: Avoidance of double taxation treaties bone of contention

Published 29 Mar, 2023 06:27am

LAHORE: Avoidance of double taxation treaties between Pakistan and foreign countries has a permanent bone of...

NPOs and trusts: FBR asks chief commissioners to conduct performance appraisal

Published 26 Oct, 2022 06:37am

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the Chief Commissioners (Inland Revenue) to conduct...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

income tax law

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