Topic

Tax refunds

OICCI members’ pending tax refunds exceed Rs102bn

Updated 24 Sep, 2026 07:06am

KARACHI: Pending Income Tax and Sales Tax refunds of the Overseas Investors Chamber of Commerce and Industry (OICCI)...

FBR’s 5.2pc direct-tax illusion

Published 28 Aug, 2026 06:29am

Celebrations at Federal Board of Revenue (FBR) headquarters on July 1, 2026 were unusually theatrical. Finance...

Swift issuance of refunds: KTBA urges FBR chairman to simplify procedure

Published 07 Aug, 2026 06:30am

KARACHI: Karachi Tax Bar Association (KTBA) has requested the Chairman, Federal Board of Revenue (FBR), to introduce...

July exports surge by 10pc YoY

Updated 05 Aug, 2026 09:13am

ISLAMABAD: Pakistan’s exports made a strong start in the first month fiscal year 2026-27, with total exports rising...

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...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
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 28	3.90

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
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Petrol/Litre / Sep 30	387.54
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Diesel/Litre / Sep 30	402.24
Cotton US¢/pound / Sep 30	79.18

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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