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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 / 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 20	316.15
Diesel/Litre / Jul 20	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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