Topic

tax authorities

Sections 11D, 11E operate in separate fields: ATIR Islamabad

Updated 13 Jul, 2026 09:05am

ISLAMABAD: In a landmark ruling clarifying the scope of penal and recovery provisions under the Sales Tax Act, 1990,...

Tax cases backlog

Published 24 Apr, 2026 06:50am

Pakistan’s tax litigation crisis is routinely described as a function of capacity constraints—too many cases, too...

Raids without prior notice: FCC upholds tax authorities’ power

Published 27 Feb, 2026 05:11am

ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that tax authorities are legally empowered to conduct...

Govt focusing on expanding SMEs’ access to credit

Updated 17 Jan, 2026 09:35am

ISLAMABAD: The government has decided to facilitate Small and Medium Enterprises (SMEs) especially resolving their...

ADB flags high digital taxes, unfriendly analog tax processes

Updated 15 Jul, 2025 09:27am

ISLAMABAD: The Asian Development Bank (ADB), while terming high taxation on Pakistan’s digital infrastructure as a...

The high cost of punitive taxation

Published 19 Mar, 2025 05:48am

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

Tax authorities: Structured procedural framework drafted

Updated 13 Feb, 2025 09:28am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad Bench-I has drafted a structured procedural...

Pakistan’s top 5% earners liable to pay Rs1.6trn in taxes, says FBR chief

Updated 26 Dec, 2024 10:53pm

During press conference alongside finance minister, Langrial says income tax evasion happening at massive scale

Aurangzeb throws light on people’s approach to tax obligations

Updated 25 Dec, 2024 09:22am

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Tuesday, disclosed that people are ready to pay more money (tax),...

Countering sales tax frauds

Updated 15 Nov, 2024 08:11am

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that...

Reissuance of show-cause notices after 19 years illegal: FTO

Published 27 Sep, 2024 06:26am

LAHORE: The Federal Tax Ombudsman (FTO) has held that reissuing show-cause notices after 19 years, without...

Refund cannot be blocked for pendency of tax reference: IHC

Updated 09 Sep, 2024 09:31am

ISLAMABAD: The Islamabad High Court (IHC) has rejected an order passed by the Federal Tax Ombudsman (FTO) and ruled...

FBR asked to bring all hidden issues before PM immediately

Updated 15 Jul, 2024 09:23am

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to immediately bring all...

‘Hurdles’ to copper ingots’ export to China: Exporters move SIFC against FBR

Updated 23 Jan, 2024 09:08am

ISLAMABAD: Exporters have approached the Special Investment Facilitation Council (SIFC) against the Federal Board of...

‘Tax authorities have failed to issue supplementary show-cause notice’

Published 26 Oct, 2023 06:08am

LAHORE: Tax authorities allegedly fail to issue supplementary show-cause notice in case taxpayers raise new factual...

Tax authorities accused of misinterpreting global tax conventions

Published 15 Aug, 2023 06:30am

LAHORE: Tax authorities are accused of misinterpreting international tax conventions instead of implementing them...

Tax authorities pass assessment orders on incorrect assumptions?

Published 29 Jun, 2023 04:19am

LAHORE: Departmental store owners have alleged that the income tax authorities pass the assessment orders without...

FTO takes strong exception to delay in clearance of refunds

Published 11 Mar, 2023 03:16am

LAHORE: The Federal Tax Ombudsman (FTO) has taken strong exception to delay in clearance or refunds on preconceived...

Exchange fluctuations: Foreign firms’ subsidiaries not allowed to cut income

Published 09 Mar, 2023 06:23am

LAHORE: Tax authorities are not allowing subsidiaries of foreign companies to deduct the loss on income from ...

Tax authorities accused of prejudging tax evasion as bid to launder money

Published 20 Jan, 2023 06:10am

LAHORE: The Intelligence and Investigation (I&I) Wing of the Inland Revenue is prejudging tax evasion as an...

Imports: Dar rejects ‘flood levy’ proposal

Updated 31 Dec, 2022 08:46am

ISLAMABAD: Finance Minister Ishaq Dar has rejected the proposal to impose flood levy on the import of non-essential...

Move to bring 2m retailers into tax net: Senate body clears bill on tax laws

Updated 23 Dec, 2022 08:44am

ISLAMABAD: The Senate Standing Committee on Finance has cleared the Tax Laws (Second Amendment) Bill, 2022 with some...

Tax evasion: FBR lacks capacity to analyze big data: World Bank

Updated 08 Nov, 2022 09:45am

ISLAMABAD: The Federal Board of Revenue (FBR) lacks the capacity to analyze big data to detect tax evasion and also...

Rs536.53bn target for Nov: ‘Pull your socks up,’ FBR chief tells Chief Commissioners

Updated 04 Nov, 2022 09:42am

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Asim Ahmad Thursday directed Chief Commissioners of field...

Recovery of CVT on foreign assets: SHC asks tax authorities to comply with relevant laws

Updated 16 Sep, 2022 09:51am

ISLAMABAD: The Sindh High Court (SHC) has asked tax authorities that before proceeding for the recovery of the...

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1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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