Topic

Income Tax Ordinance 2001

Non-resident shippers & charterers: FBR proposes e-mechanism for filing tax returns, paying taxes

Published 11 Oct, 2026 02:21am

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a comprehensive electronic mechanism for filing of income...

FBR stops processing advance ruling applications

Published 09 Oct, 2026 06:09am

ISLAMABAD: The Federal Board of Revenue (FBR) has stopped publishing the details of advance rulings issued to the...

FBR imposes new conditions on units seeking tax credit

Published 08 Oct, 2026 05:42am

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday imposed new conditions and restrictions on units intended...

IR Commissioners’ powers taken back: FBR wing to only conduct faceless audits, assessments

Published 02 Oct, 2026 07:12am

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday withdrawn discretionary powers of the Commissioners Inland...

FBR launches CRM-based selection of tax assessments

Published 01 Sep, 2026 04:49am

ISLAMABAD: The Federal Board of Revenue (FBR), from September 1, 2026, has restrained Inland Revenue field...

FCC allows super tax adjustment against tax credit

Updated 18 Aug, 2026 09:19am

ISLAMABAD: The Federal Constitutional Court (FCC) has held that income tax in general, and super tax in particular,...

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...

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...

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...

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...

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

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	276.80 ▼ -0.01
USD PKR Interbank Buying / Nov 13	276.60 ▼ -0.01
USD to Japanese Yen / Nov 13	159.71 ▼ -0.21
USD to Swiss Franc / Nov 13	0.84 ▲ 0.003
Pound Sterling to USD / Nov 13	1.32 ▼ -0.0022
Euro to USD / Nov 13	1.10 ▼ -0.0036
SOFR % / Nov 12	3.90 ▲ 0.01

Stock	Volume
S&P 500 / Nov 13	7,561.67
India Sensex / Nov 13	81,592.45
Tokyo Nikkei / Nov 13	61,142.35
Nasdaq / Nov 13	25,136.27
Hang Seng / Nov 13	23,637.60
FTSE 100 / Nov 13	10,902.56
Dow Jones / Nov 13	52,347.55
Germany DAX 30 / Nov 13	26,749.95
France CAC40 / Nov 13	8,368.91

Item	Value
Petrol/Litre / Nov 15	330
Diesel/Litre / Nov 15	360
Crude Oil USD/Barrel / Nov 13	88.56
Karachi Cotton PKR/37.32 KG / Nov 13	18,080
Gold 10 Grams PKR / Nov 13	352,911
Gold Spot USD/Ounce / Nov 13	3,884.49
Cotton US¢/pound / Nov 13	82.61

Gainers
Losers
Leaders

Stock	Price
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	6.07 ▲ 1 (19.72%)
Dewan Sugar / Nov 13 Dewan Sugar Mills Limited(DWSM)	8.77 ▲ 1 (12.87%)
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	2.64 ▲ 0.28 (11.86%)
Shabbir Tiles / Nov 13 Shabbir Tiles & Ceramics Limited(STCL)	10.10 ▲ 1 (10.99%)
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	1.38 ▲ 0.13 (10.4%)
Pervez Ahmed Consultancy / Nov 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	12.06 ▲ 1.1 (10.04%)
Unicap Modaraba / Nov 13 Unicap Modaraba(UCAPM)	22.84 ▲ 2.08 (10.02%)
Leather Up Ltd. / Nov 13 Leather Up Limited(LEUL)	82.90 ▲ 7.54 (10.01%)
Ningbo Green Light / Nov 13 Ningbo Green Light Energy Limited(NGLEL)	16.48 ▲ 1.5 (10.01%)
Zuma Resources / Nov 13 Zuma Resources Limited(ZUMA)	33.75 ▲ 3.07 (10.01%)

Stock	Price
Arpak Int. / Nov 13 Arpak International Investments Ltd.(ARPAK)	124.84 ▼ -13.87 (-10%)
First AL-Noor Mod. / Nov 13 First Al-Noor Modaraba(FANM)	12.64 ▼ -1.36 (-9.71%)
Shadman Cotton / Nov 13 Shadman Cotton Mills Limited(SHCM)	69.87 ▼ -6.73 (-8.79%)
Fateh Sports / Nov 13 Fateh Sports Wear Limited(FSWL)	193.60 ▼ -16.58 (-7.89%)
Asim Textile / Nov 13 Asim Textile Mills Limited(ASTM)	62.73 ▼ -4.34 (-6.47%)
D.M. Corporation / Nov 13 D.M. Corporation Limited(DMC)	151.06 ▼ -9.64 (-6%)
Bhanero Textile / Nov 13 Bhanero Textile Mills Limited(BHAT)	1,207.41 ▼ -76.42 (-5.95%)
Hira Textile / Nov 13 Hira Textile Mills Limited(HIRAT)	4.01 ▼ -0.24 (-5.65%)
J.A.Textile / Nov 13 J.A. Textile Mills Limited(JATM)	73.72 ▼ -4.26 (-5.46%)
AN Textile Mills / Nov 13 AN Textile Mills Limited(ANTM)	58.55 ▼ -3.21 (-5.2%)

Stock	Volume
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	303,195,710 ▲ 0.13
Kohinoor Spinning / Nov 13 Kohinoor Spinning Mills Limited(KOSM)	59,505,118 ▲ 0.34
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	46,791,082 ▲ 0.28
Dost Steels Ltd. / Nov 13 Dost Steels Limited(DSL)	43,180,738 ▲ 0.37
TPL Properties / Nov 13 TPL Properties Limited(TPLP)	32,746,701 ▲ 0.48
Tasdeeq Info. Serv. / Nov 13 Tasdeeq Information Services Limited(TISL)	27,571,943 ▲ 0.05
F. Nat.Equities / Nov 13 First National Equities Limited(FNEL)	24,996,122 ▲ 0.01
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	24,965,743 ▲ 1
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	22,527,745 ▲ 0.14
Dar-es-Salaam / Nov 13 Dar-es-Salaam Textile Mills Limited(DSML)	21,467,835 ▲ 0.82

Income Tax Ordinance 2001

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