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tax cases

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...

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...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 29	3.88

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Crude Oil USD/Barrel / Sep 30	89.69
Karachi Cotton PKR/37.32 KG / Sep 30	18,680
Gold 10 Grams PKR / Sep 30	378,631
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.40
Diesel/Litre / Oct 1	400.35

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

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