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tax cases

Taxing the courts

Updated 31 Oct, 2026 06:38am

EDITORIAL: Driven by overlapping jurisdictions, prolonged litigation, and conflicting interpretations, Pakistan’s...

Disputed amount under protest not admission of guilt: LHC

Updated 05 Oct, 2026 07:03am

ISLAMABAD: The Lahore High Court (LHC) has ruled that payment of a disputed amount under protest cannot, by itself,...

FBR busts Rs9.41bn wealth statement fraud

Published 01 Oct, 2026 06:45am

ISLAMABAD: The Federal Board of Revenue (FBR) has busted a fraud in which taxpayers illegally revised their old...

FBR establishes NFC in Islamabad

Published 26 Sep, 2026 05:54am

ISLAMABAD: The Federal Board of Revenue (FBR) Friday announced establishment of the National Faceless Centre (NFC)...

When the State owes the taxpayer: a question of trust

Updated 16 Sep, 2026 07:45am

Every September, as the annual income tax return is due for filing, a friend calls me. Like many taxpayers, he...

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...

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

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