Topic

tax liability

FIR illegal sans determining tax liability thru assessment, adjudication: SC

Published 08 Mar, 2026 02:16am

ISLAMABAD: The Supreme Court has held that in the absence of determination of tax liability through the process of...

ADR panels’ decisions now binding on wholly state-owned SOEs

Published 27 Jan, 2026 05:11am

ISLAMABAD: The decision of the Alternative Dispute Resolution (ADR) committees would be binding on wholly ...

25% cut in tax liability: FTO for incorporating tax code in IRIS return format

Updated 21 Oct, 2025 09:48am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to operationalise the...

FBR issues SRO to amend Income Tax Rules 2002

Updated 09 May, 2025 09:31am

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

FTO unearths tax fraud case involving cyber criminals

Updated 07 Mar, 2025 09:19am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed a unique case of tax fraud involving cyber criminals, who...

FBR amends Income Tax Rules: SOEs bound to approach ADRCs

Updated 07 Sep, 2024 03:07pm

ISLAMABAD: The state-owned enterprises have been bound to approach the alternate dispute resolution committees...

Current year’s liability: Tax dept fails to object to adjustment of unverified refund

Published 06 Sep, 2024 07:04am

LAHORE: The tax department has failed to object to adjustment of unverified refund towards current year’s...

Additional taxation steps taken thru amendments to Finance Bill

Updated 29 Jun, 2024 07:43pm

Surcharge shall be payable by every individual and association of persons at the rate of 10 percent of the income tax imposed under Division-I of Part-I of the First Schedule where the taxable income exceeds Rs10 million

OIR fails to prove wrong adjustment of tax refund

Published 15 May, 2024 05:47am

LAHORE: An Officer of Inland Revenue (OIR) could not prove that a private limited company engaged in production ...

Tax department fails to recover tax from bank accounts of taxpayer

Published 23 Apr, 2024 03:41am

LAHORE: The Tax department has failed to recover the tax assessed from bank accounts of taxpayer without issuance of...

Notice issued to POL, others: Respondents shall continue to pay tax liability under Sec 4C: IHC

Updated 05 Apr, 2024 09:04am

ISLAMABAD: The Islamabad High Court (IHC), issuing notice to the respondents (Pakistan Oilfields Limited and...

Shifa Tameer-e-Millat varsity: IHC directs FBR not to take steps towards recovery of disputed tax liability

Published 01 Feb, 2024 04:52am

ISLAMABAD: The Islamabad High Court (IHC) has directed the Federal Board of Revenue (FBR) not to adopt coercive...

Steel re-rolling mills: Tax authorities ignoring special procedure for tax collection?

Published 27 Jan, 2024 06:20am

LAHORE: Tax authorities are accused of ignoring amendments to the sales tax law devising special procedure for steel...

New fixed income tax for retailers on the cards

Updated 22 Jan, 2024 10:03am

ISLAMABAD: The federal and provincial governments will launch a fixed income tax scheme (Tajir Doost) for...

Wrong computation of tax liability: FTO asks FBR to refund excess income tax to taxpayers

Updated 15 Nov, 2023 09:50am

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Jah has directed the Federal Board of Revenue (FBR) to refund the...

Tax liability of non-filers: Govt mulling giving NADRA new teeth

Updated 31 May, 2023 09:00am

ISLAMABAD: The government is reviewing the powers of the National Database and Registration Authority (NADRA) in the...

High-income earners directed to pay 50pc of super tax liability

Updated 07 Feb, 2023 08:39am

ISLAMABAD: The Supreme Court Monday directed high-income earners to pay 50 percent of the due liability with regard...

‘Tax liability on estimations’: FTO asks FBR to revisit its order

Updated 04 Feb, 2023 10:18am

ISLAMABAD: While disposing of a complaint, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue...

Complainant heavily taxed on pension received as remittance: FTO tells FBR to transfer jurisdiction, revisit impugned order

Published 28 Dec, 2022 04:12am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken serious notice of illegal transfer of jurisdictions of an...

Big tax defaulters: FBR to auction off properties, trademarks

Updated 05 Dec, 2022 10:40am

Corporate Regional Tax Office Lahore writes a detailed letter to Director General of the Intellectual Property Organization of Pakistan

Desk-audit of 393,441 individuals, AOPs: FTO directs FBR to give justification

Published 08 Jun, 2022 08:30am

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to give justification for the...

BR100
BR30
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KSE30
KMI30

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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	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
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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