Topic

Income Tax Ordinance 2001

Dividend income constitutes separate block of income, which is solely liable to be taxed under Section 5 of ITO: SC

Published 19 Jul, 2026 02:23am

ISLAMABAD: The Supreme Court held that by virtue of subsections (4) and (5) of Section 4 of the Income Tax...

FTO fortifies taxpayers’ privacy protections

Updated 05 Jul, 2026 05:19pm

FTO had already recorded a categorical finding that confidential tax information belonging to the petitioners

Tax proposed on income from social media platforms

Published 13 Jun, 2026 06:35am

ISLAMABAD: The Finance Bill 2026 has proposed a significant shift in the taxation of income derived from social...

Finance Bill clarifies tax treatment of inherited property

Published 13 Jun, 2026 06:17am

ISLAMABAD: The Federal Government has introduced a significant relief measure in Finance Bill, 2026 addressing...

Faceless audit proposed for all FBR taxes

Published 13 Jun, 2026 06:17am

ISLAMABAD: The faceless audit and assessment system is proposed to be introduced in all the four taxes administered...

IT sector: Reduced WHT rate of 0.25pc stays

Published 13 Jun, 2026 06:17am

ISLAMABAD: The federal government has announced a significant relief measure for Pakistan’s information technology...

PM urged to scrap proposed fixed tax on retailers

Published 03 Jun, 2026 02:34am

LAHORE: The Chairman of the Supreme Council of All Pakistan Anjuman Tajran, Muhammad Naeem Mir, has called on Prime...

Pakistan’s tax challenge: four conversations, one problem—II

Published 24 May, 2026 02:23am

Section 7E of the Income Tax Ordinance, 2001, which was introduced in 2022 taxed deemed income from certain...

Jewellers association proposes ‘special tax scheme’ for 2026

Published 17 May, 2026 05:08am

KARACHI: The All Pakistan Sarrafa Gems and Jewellers Association has proposed a dedicated tax framework for the...

Striking down a grossly unfair tax law

Updated 09 May, 2026 07:30am

EDITORIAL: Federal Constitutional Court struck down Section 7E of the income Tax Ordinance 2001 that had allowed...

FCC strikes down Section 7E of ITO as unconstitutional

Updated 08 May, 2026 09:55am

ISLAMABAD: The Federal Constitutional Court (FCC) held that Section 7E of the Income Tax Ordinance (ITO), 2001, is...

Super tax is additional tax on income: FCC

Updated 02 May, 2026 09:20am

ISLAMABAD: In a significant ruling with far-reaching implications for Pakistan’s tax regime, the Federal...

FCC reserves verdict on pleas against Sec 7E of IT Ord 2001

Published 01 May, 2026 05:18am

ISLAMABAD: The Federal Constitutional Court (FCC) reserved judgment on petitions challenging the constitutional...

Sections 4b and 4c of ITO 2001: FCC issues detailed judgement on Super Tax

Published 30 Apr, 2026 07:07am

ISLAMABAD: The Federal Constitutional Court (FCC) on Wednesday issued a detailed judgment on Super Tax levied under...

Sec 7E of Income Tax law: FCC set to take up 319 appeals from tomorrow

Updated 12 Apr, 2026 06:11am

ISLAMABAD: The Federal Constitutional Court (FCC) is set to take up 319 appeals concerning the interpretation and...

SHC judgment upheld: Wording of Sect 175 of Income tax law clear & straightforward: FCC

Published 25 Feb, 2026 04:49am

ISLAMABAD: The Federal Constitutional Court observed that the wording of Section 175 of the Income Tax Ordinance,...

LTBA decries FBR’s ‘aggressive’ recovery drive

Updated 23 Feb, 2026 09:22am

ISLAMABAD: The corporate sector has expressed serious concern over the Federal Board of Revenue’s (FBR) ‘aggressive’...

Constitutional indictment of tax policy: Parliament abdicates, FBR legislates

Updated 20 Feb, 2026 09:49am

Pakistan’s fiscal disorder is no longer confined to high rates, low yields or coercive enforcement. It has crossed...

Fallacies behind super tax validation

Updated 10 Feb, 2026 06:40am

“Power to levy taxes is a sine qua non for a State. In fact, it is an attribute of sovereignty of a State…it must be...

OPINION: Tax litigation, super tax, and the economics of tax deferral

Updated 03 Feb, 2026 07:26am

The Federal Constitutional Court’s recent judgment, articulated through a preliminary short order, with detailed...

Technical Release 3/2026: Comments on short order of FCC on matter of Super Tax under Section 4C of the Income Tax Ordinance, 2001—II

Updated 31 Jan, 2026 05:29am

FCC has stated that ‘super tax is a tax on income independent of the tax levied under section 4 of the Income Tax...

Super tax: FBR’s comments on FCC verdict

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 3	277.97
USD PKR Interbank Buying / Aug 3	277.77
USD to Japanese Yen / Aug 4	157.69
USD to Swiss Franc / Aug 4	0.81
Pound Sterling to USD / Aug 4	1.34
Euro to USD / Aug 4	1.15
SOFR % / Aug 3	3.65

Stock	Volume
S&P 500 / Aug 3	7,600.50
Nasdaq / Aug 3	25,913.90
Dow Jones / Aug 3	53,178.41
India Sensex / Aug 4	78,658.43
Tokyo Nikkei / Aug 4	63,762.03
Hang Seng / Aug 4	25,826.60
FTSE 100 / Aug 4	10,898.07
Germany DAX 30 / Aug 4	26,252.88
France CAC40 / Aug 4	8,643.35

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 3	18,780
Gold 10 Grams PKR / Aug 3	367,314
Petrol/Litre / Aug 4	331.95
Crude Oil USD/Barrel / Aug 4	81.16
Gold Spot USD/Ounce / Aug 4	4,060.14
Diesel/Litre / Aug 4	389.93
Cotton US¢/pound / Aug 4	82.01

Gainers
Losers
Leaders

Stock	Price
Kohinoor Mills / Aug 4 Kohinoor Mills Limited(KML)	10.31 ▲ 1 (10.74%)
First Elite Cap.Mod / Aug 4 First Elite Capital Modaraba(FECM)	21.87 ▲ 1.99 (10.01%)
Trust Mod. / Aug 4 Trust Modaraba(TRSM)	23.95 ▲ 2.18 (10.01%)
Tri-Star Power / Aug 4 Tri-Star Power Limited(TSPL)	16.82 ▲ 1.53 (10.01%)
786 Invest Ltd / Aug 4 786 Investments Limited(786)	25.97 ▲ 2.36 (10%)
Asim Textile / Aug 4 Asim Textile Mills Limited(ASTM)	46.44 ▲ 4.22 (10%)
Cresent Jute / Aug 4 Crescent Jute Products Limited(CJPL)	26.29 ▲ 2.39 (10%)
East West Ins. / Aug 4 East West Insurance Company Limited(EWIC)	55.02 ▲ 5 (10%)
Shadman Cotton / Aug 4 Shadman Cotton Mills Limited(SHCM)	55 ▲ 5 (10%)
Masood Textile / Aug 4 Masood Textile Mills Limited(MSOT)	153.67 ▲ 13.97 (10%)

Stock	Price
Dadabhoy Cement / Aug 4 Dadabhoy Cement Industries Limited(DBCI)	16.52 ▼ -1.84 (-10.02%)
Aisha Steel(ConPS) / Aug 4 Aisha Steel(ConPS)(ASLPS)	31.55 ▼ -3.51 (-10.01%)
Olympia Mills / Aug 4 Olympia Mills Limited(OML)	120.32 ▼ -13.37 (-10%)
Shahtaj Sugar / Aug 4 Shahtaj Sugar Mills Limited(SHJS)	189.86 ▼ -21.09 (-10%)
Mehmood Tex / Aug 4 Mehmood Textile Mills Limited(MEHT)	169.98 ▼ -18.89 (-10%)
TPL Insurance / Aug 4 TPL Insurance Limited(TPLI)	64.81 ▼ -6.71 (-9.38%)
Asia Ins. / Aug 4 Asia Insurance Company Limited(ASIC)	40.94 ▼ -3.79 (-8.47%)
Tariq Corporation / Aug 4 Tariq Corporation Limited(TCORP)	21.30 ▼ -1.93 (-8.31%)
JS Investments / Aug 4 JS Investments Limited(JSIL)	43.07 ▼ -3.63 (-7.77%)
First Imrooz Mod. / Aug 4 First Imrooz Modaraba(FIMM)	185.36 ▼ -14.64 (-7.32%)

Stock	Volume
Pak Int.Bulk / Aug 4 Pakistan International Bulk Terminal(PIBTL)	89,708,629 ▼ -0.34
Trust Sec.& Brok. / Aug 4 Trust Securities & Brokerage Limited(TSBL)	86,054,121 ▲ 0.08
TPL Properties / Aug 4 TPL Properties Limited(TPLP)	67,239,170 ▲ 0.23
Sui South Gas / Aug 4 Sui Southern Gas Company Limited(SSGC)	34,618,297 ▲ 0.81
Cnergyico PK / Aug 4 Cnergyico PK Limited(CNERGY)	26,068,716 ▼ -0.09
Wasl Mobility Mod. / Aug 4 Wasl Mobility Modaraba(WASL)	25,984,861 ▼ -0.36
Pak Refinery / Aug 4 Pakistan Refinery Limited(PRL)	17,848,982 ▼ -0.72
Hascol Petrol / Aug 4 Hascol Petroleum Limited(HASCOL)	17,709,924 ▲ 0.35
Aisha Steel Mill / Aug 4 Aisha Steel Mills Limited(ASL)	17,663,056 ▲ 0.02
TPL REIT Fund I / Aug 4 TPL REIT Fund I(TPLRF1)	16,449,687 ▼ -0.34

Income Tax Ordinance 2001

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