Topic

Tax refunds

PM hails FBR for unprecedented collection

Published 03 Jul, 2026 05:13am

ISLAMABAD: Prime Minister Shehbaz Sharif declared the Federal Board of Revenue’s (FBR’s) record-breaking tax haul a...

President rejects FBR’s presentation against FTO

Updated 25 May, 2026 08:02am

ISLAMABAD: President Asif Ali Zardari has dismissed a representation filed by the Federal Board of Revenue (FBR)...

PBC warns of deep-rooted challenges

Updated 22 Apr, 2026 09:39am

ISLAMABAD: The Pakistan Business Council (PBC) has warned that the country is grappling with deep-rooted structural...

FBR chief tells KCCI members: Tax refunds claims to be processed efficiently

Published 27 Mar, 2026 06:40am

KARACHI: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial gave assurances to Karachi business...

Textile Mills Association for adjusting super tax liability against pending refunds

Updated 03 Feb, 2026 07:21am

KARACHI: All Pakistan Textile Mills Association (APTMA) has urged the FBR to adjust the Super Tax liability...

APTMA urges FBR to adjust super tax against pending refunds

Published 02 Feb, 2026 04:54pm

APTMA Chairman Kamran Arshad says the export-oriented textile industry is facing serious liquidity constraints due to a prolonged slowdown in export orders

New policy for FBR: Small refunds to be paid in 8-10 days: FTO

Published 25 Jan, 2026 06:01am

RAWALPINDI: Federal Tax Ombudsman (FTO) Zafar Hijazi announced that small-amount tax refunds will be processed and...

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...

TMA lauds PM’s directive on export facilitation and refunds

Updated 09 Jan, 2026 08:17am

KARACHI: The Towel Manufacturers Association of Pakistan (TMA) has lauded the firm resolve of the Honourable Prime...

PM sacks senior IR officer for corruption, misconduct

Published 14 Oct, 2025 08:10am

ISLAMABAD: Prime Minister Shahbaz Sharif has dismissed from service a senior official of Inland Revenue Service in a...

AGP detects discrepancies in tax, refund figures of FBR, SBP

Published 08 Oct, 2025 07:13am

LAHORE: The Auditor General of Pakistan (AGP) office has found variations of millions of rupees in the collection...

‘This isn’t just poor policy, it is economic self-sabotage’

Published 15 Jul, 2025 06:43am

Doing honest, formal business in Pakistan has become untenable. The latest move of raising withholding tax on...

LTO Karachi posts record Rs2.807trn collection

Updated 06 Jun, 2025 09:37am

KARACHI: The Large Taxpayers Office (LTO) Karachi has displayed a robust performance in revenue collection during...

Automated income tax refund system: FBR has failed to enforce IHC’s directive

Updated 12 May, 2025 02:53pm

ISLAMABAD: The Islamabad High Court’s landmark judgment for effective enforcement of an automated income tax refund...

Japanese car makers concern over delay in tax refunds

Updated 27 Feb, 2025 08:59am

ISLAMABAD: Japanese automobile makers, Wednesday, expressed serious concerns over delay in tax refunds and problems...

‘FTO disposes of record-breaking 12,914 complaints in 2024’

Published 09 Jan, 2025 06:19am

KARACHI: “The Federal Tax Ombudsman (FTO) has achieved unprecedented success in 2024, maintaining an impressive...

Refunds, adjustments: FBR’s SRZs fail to deliver?

Updated 30 Nov, 2024 02:26pm

ISLAMABAD/ KARACHI: The creation of Special Refund Zones (SRZs) by the Federal Board of Revenue (FBR) has failed to...

‘FBR has authority to conduct post-sanction audits of refund claims’

Published 26 Nov, 2024 07:40am

LAHORE: The Federal Board of Revenue (FBR) has the authority to conduct post-sanction audits of refund claims under...

Tax refunds not favour but legitimate right of business community: FTO

Published 18 Oct, 2024 06:10am

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has said that the tax refunds are not a favour but ...

FBR’s ‘speed money scheme’ exposed by Langrial

Updated 17 Oct, 2024 09:13am

KARACHI: Rashid Mahmood Langrial, Chairman Federal Board of Revenue (FBR) revealed widespread corruption within FBR...

Tractor maker proves ‘application’ of SRO as mala fide of FBR

Published 21 Sep, 2024 06:43am

LAHORE: A tractor manufacturer has proved that the entire exercise of issuance of SRO No. 563 (I)/2022 dated...

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...

FTO orders’ implementation: IHC issues show cause notice to CIR for filing false statements

Published 20 Aug, 2024 06:55am

ISLAMABAD: Islamabad High Court (IHC) has issued a show cause notice to the Commissioner-Inland Revenue (IR)...

Bring back zero-rating

Updated 13 Aug, 2024 07:51am

Should the government ensure implementation of sales tax at the point-of-sale, ~Rs 293 billion in tax revenue could...

Millat Tractors warns of shutdown amid GST dispute and plummeting sales

Updated 12 Aug, 2024 10:15pm

Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, has signaled that it may have to shut down...

Tax refunds to large taxpayer companies: FIA issues another notice to Member IR (Operation)

Published 05 Aug, 2024 08:24am

ISLAMABAD: Federal Investigation Agency (FIA) has issued another notice to Mir Badshah Khan Wazir Member Inland...

CTO Islamabad accused of ‘deceiving’ tax system

Updated 29 Jul, 2024 10:01am

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) has held that the Corporate Tax Office,...

Field formations blocking refunds on two primary grounds: ATIR

Updated 26 Jul, 2024 09:01am

ISLAMABAD: Appellate Tribunal Inland Revenue Islamabad Bench (ATIR) held that Federal Board of Revenue’s field...

Delay in payment of refunds major area of concern for FTO’s office: Jah

Published 31 May, 2024 06:58am

ISLAMABAD: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has said the taxpayers are fully confident to obtain ...

FBR collects Rs5.15trn from July to mid-Feb: MoF

Updated 21 Feb, 2024 09:30am

ISLAMABAD: The major contributors to income tax collection during July-January (2023-24) were banks, petroleum...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	278.25
USD PKR Interbank Buying / Jul 10	278.05
USD to Japanese Yen / Jul 13	162.12
USD to Swiss Franc / Jul 13	0.81
Pound Sterling to USD / Jul 13	1.34
Euro to USD / Jul 13	1.14
SOFR % / Jul 11	3.58

Stock	Volume
S&P 500 / Jul 10	7,575.39
Nasdaq / Jul 10	26,281.61
Dow Jones / Jul 10	52,637.01
India Sensex / Jul 13	76,965.69
Tokyo Nikkei / Jul 13	67,242.73
Hang Seng / Jul 13	24,213.72
FTSE 100 / Jul 13	10,484.78
Germany DAX 30 / Jul 13	25,085.36
France CAC40 / Jul 13	8,327.25

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 10	18,080
Gold 10 Grams PKR / Jul 10	370,744
Petrol/Litre / Jul 13	310.71
Crude Oil USD/Barrel / Jul 13	73.36
Gold Spot USD/Ounce / Jul 13	4,074.64
Diesel/Litre / Jul 13	323.30
Cotton US¢/pound / Jul 13	81.42

Gainers
Losers
Leaders

Stock	Price
Invest Bank / Jul 13 Invest Capital Investment Bank Limited(ICIBL)	24.24 ▲ 20.17 (495.58%)
Shaheen Ins. / Jul 13 Shaheen Insurance Company Limited(SHNI)	9.80 ▲ 1 (11.36%)
Dadabhoy Cement / Jul 13 Dadabhoy Cement Industries Limited(DBCI)	11.61 ▲ 1.06 (10.05%)
Cresent Jute / Jul 13 Crescent Jute Products Limited(CJPL)	18.91 ▲ 1.72 (10.01%)
Maqbool Textile / Jul 13 Maqbool Textile Mills Limited(MQTM)	30.87 ▲ 2.81 (10.01%)
Khairpur Sug. / Jul 13 Khairpur Sugar Mills Limited(KPUS)	2,289.71 ▲ 208.16 (10%)
Olympia Mills / Jul 13 Olympia Mills Limited(OML)	77.33 ▲ 7.03 (10%)
Premium Textile / Jul 13 Premium Textile Mills Limited(PRET)	551.67 ▲ 50.15 (10%)
Service Textile / Jul 13 Service Industries Textiles Limited(SERT)	63.48 ▲ 5.77 (10%)
GOC (Pak) / Jul 13 GOC (Pak) Limited.(GOC)	150.78 ▲ 13.71 (10%)

Stock	Price
Tariq Corp. (R) / Jul 13 Tariq Corporation Limited(Right)(TCORPR2)	4.18 ▼ -0.61 (-12.73%)
AN Textile Mills / Jul 13 AN Textile Mills Limited(ANTM)	53.56 ▼ -5.95 (-10%)
Fateh Ind. / Jul 13 Fateh Industries Limited(FIL)	358.31 ▼ -39.81 (-10%)
Fateh Sports / Jul 13 Fateh Sports Wear Limited(FSWL)	206.20 ▼ -22.91 (-10%)
MACPAC Films / Jul 13 MACPAC Films Limited(MACFL)	70.45 ▼ -7.83 (-10%)
Quetta Textile / Jul 13 Quetta Textile Mills Limited(QUET)	15.60 ▼ -1.72 (-9.93%)
Premier Insurance / Jul 13 Premier Insurance Limited(PINL)	11.35 ▼ -1.24 (-9.85%)
Shahzad Tex. / Jul 13 Shahzad Textile Mills Limited(SZTM)	96 ▼ -9.39 (-8.91%)
Samba Bank / Jul 13 Samba Bank Limited(SBL)	13.51 ▼ -1.27 (-8.59%)
Ideal Spinning / Jul 13 Ideal Spinning Mills Limited(IDSM)	50.70 ▼ -4.32 (-7.85%)

Stock	Volume
Cnergyico PK / Jul 13 Cnergyico PK Limited(CNERGY)	157,961,616 ▲ 0.38
F. Nat.Equities / Jul 13 First National Equities Limited(FNEL)	64,217,399 ▲ 0.01
Blue-Ex Ltd / Jul 13 Blue-Ex Limited(BLUEX)	43,779,365 ▲ 0.09
Lotte Chemical / Jul 13 Lotte Chemical Pakistan Limited(LOTCHEM)	42,635,513 ▲ 0.28
K-Electric Ltd. / Jul 13 K-Electric Limited(KEL)	29,589,201 ▼ -0.16
Pak Refinery / Jul 13 Pakistan Refinery Limited(PRL)	26,870,070 ▲ 0.71
WorldCall Telecom / Jul 13 Worldcall Telecom Limited(WTL)	25,264,529 ▼ -0.03
Balochistan Glass / Jul 13 Balochistan Glass Limited(BGL)	16,916,878 ▲ 1.17
LSE Capital / Jul 13 LSE Capital Limited(LSECL)	15,169,701 ▼ -0.22
Maple Leaf Cement / Jul 13 Maple Leaf Cement Factory Limited(MLCF)	12,894,771 ▼ -3.04

Tax refunds

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