Topic

tax cases

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...

PM okays plan to overhaul tax dispute system

Updated 06 May, 2026 09:11am

Directs that the action plan be implemented with clear timelines

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...

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...

Bank granted relief by ATIR Lahore: Minimum tax cannot be imposed without ‘actual tax payable’

Updated 22 Apr, 2026 09:40am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR), Lahore has ruled that minimum tax under Section 113 cannot...

Foreign remittance tax exemption case: ATIR grants relief to software exporter

Published 20 Apr, 2026 05:29am

ISLAMABAD: In a major development for Pakistan’s information technology export sector, the Appellate Tribunal Inland...

Deepening super tax controversy

Published 17 Apr, 2026 06:16am

The power to tax involves the power to destroy—McCulloch v. Maryland, 17 U.S. (4 Wheat.) 316 (1819) The...

Provinces, not Centre, to levy agri income tax: LHC

Published 16 Apr, 2026 07:38am

ISLAMABAD: The Lahore High Court, Multan Bench, has categorically held that agricultural income is beyond the taxing...

SHC stays recovery of surcharge on Super Tax

Updated 15 Apr, 2026 07:06am

ISLAMABAD: Sindh High Court (SHC) Tuesday granted stay to a taxpayer against recovery of alleged default surcharge...

CTO Islamabad refuses to follow FTO’s order

Published 16 Mar, 2026 04:51am

ISLAMABAD: The Corporate Tax Office (CTO) Islamabad has refused to follow an unchallenged order of Federal Tax...

IHC suspends FBR’s Super Tax notices to 3 IPPs

Updated 16 Mar, 2026 09:16am

ISLAMABAD: Islamabad High Court (IHC) has suspended Federal Board of Revenue’s (FBR) notices issued to three...

Tax fraud: FBR issues SOPs for initiating probes, prosecutions, arrests

Updated 07 Mar, 2026 09:20am

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a Standard Operating Procedures (SOPs) for initiating...

Super tax: APTMA urges FBR to work out details of imputable income

Published 07 Mar, 2026 05:06am

ISLAMABAD: The All Pakistan Textile Mills Association (Aptma) has urged the Federal Board of Revenue (FBR) to hold...

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...

Dissolution of ADRC by FBR cannot be termed misrule: FTO

Updated 23 Feb, 2026 09:33am

ISLAMABAD: Federal Tax Ombudsman (FTO) has declared that the dissolution of a Supreme Court–directed Alternate...

FTO takes notice of FBR’s move aimed at dissolving ADRC

Updated 06 Feb, 2026 08:16am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken notice of Federal Board of Revenue’s (FBR) move of dissolving...

FCC issues written order on super tax cases

Published 29 Jan, 2026 05:59am

ISLAMABAD: The Federal Constitutional Court (FCC) declared that the classification of sectors through inclusion in...

FCC urged to rule: Charge applicable to each ‘block’ must be governed by law in force on last day

Published 20 Jan, 2026 06:04am

ISLAMABAD: The Federal Constitutional Court (FCC) was urged to rule that, although a Special Tax Year is identified...

‘Wilfully undermining SC authority’: FTO takes serious exception to FBR official conduct

Updated 20 Jan, 2026 06:25am

ISLAMABAD: The Federal Tax Ombudsman (FTO) in a landmark order has taken serious exception to the conduct of the...

Illegal tax refund probe: LHC disposes of FBR pleas against FIA

Published 17 Jan, 2026 07:32am

ISLAMABAD: Writ petitions filed by the Federal Board of Revenue (FBR) against the Federal Investigation Agency (FIA)...

IHC slaps Rs0.1m fine on CIR

Published 15 Jan, 2026 06:31am

ISLAMABAD: The Islamabad High Court (IHC) has slapped a Rs100,000 fine on Commissioner Inland Revenue, Islamabad...

Collection of tax on immovable properties: tax bar association seeks end to ‘discriminatory’ enforcement

Updated 12 Jan, 2026 07:52am

ISLAMABAD: Chairman Federal Board of Revenue (FBR) has been approached to remove discriminatory enforcement against...

Super tax case: Rs114bn collected in terms of Sec 4B of IT Ord, FCC told

Published 06 Jan, 2026 05:46am

ISLAMABAD: The Federal Constitutional Court was informed that Rs114 billion were collected in terms of Section 4B of...

Remanded cases, counsels’ fees: LTBA-PILC seeks FBR details

Published 29 Dec, 2025 05:16am

ISLAMABAD: Lahore Tax Bar Association (LTBA) Public Interest Litigation Committee (PILC) has sought details from the...

Menace of sales tax fraud: FBR fails to implement suggestions of FTO

Published 26 Dec, 2025 05:46am

ISLAMABAD: The Federal Board of Revenue (FBR) has failed to implement the most critical and far-reaching...

Time-barred tax pleas dismissed: LTBA-PILC urges Aurangzeb to probe FBR ‘inefficiency’

Updated 22 Dec, 2025 06:29am

ISLAMABAD: Lahore Tax Bar Association Public Interest Litigation Committee (LTBA-PILC) has urged the Finance ...

IHC rules all tax reference pleas to be sent to ATIR as pending appeals

Updated 15 Nov, 2025 09:27am

ISLAMABAD: The Islamabad High Court (IHC) has held that all tax reference applications filed directly before it...

Tax liability cases of over Rs50m: FBR to pay ADRC chief one-time remuneration

Updated 07 Nov, 2025 09:26am

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

Secretariat resolves 57,000 complaints of taxpayers: FTO

Published 23 Oct, 2025 07:08am

KARACHI: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has revealed that during his four-year tenure, the FTO...

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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	159.91
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.35
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 2	7,609.78
Nasdaq / Jun 2	27,093.90
Dow Jones / Jun 2	51,307.79
India Sensex / Jun 3	73,756.94
Tokyo Nikkei / Jun 3	68,452.45
Hang Seng / Jun 3	25,630.80
FTSE 100 / Jun 3	10,342.09
Germany DAX 30 / Jun 3	24,951.88
France CAC40 / Jun 3	8,180.24

Item	Value
Crude Oil USD/Barrel / Jun 3	94.92
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,463.91
Cotton US¢/pound / Jun 3	80.39
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

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