Topic

Taxpayer

FTO takes notice of tax credited to wrong person’s record

Published 14 Aug, 2026 07:24am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken serious notice of an unusual case in which tax collected...

Section 147 of Income Tax Ordinance 2001: Taxpayers must deposit 90pc advance tax: ATIR Multan

Updated 29 Sep, 2025 09:32am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR), Multan Bench, in a landmark judgment, has held that...

Refund must be processed before taxpayer audit: FTO

Updated 06 Jul, 2025 09:44am

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Chief Commissioner Inland Revenue Corporate Tax Office,...

‘Transfer of raw material within sister concerns is not sales’

Published 21 Jun, 2025 06:06am

LAHORE: A taxpayer has compelled the tax department to withdraw additional tax on transfer of raw material within...

Affected party (taxpayer): Assessment order communication mandatory: ATIR

Published 20 May, 2025 05:58am

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has ruled that the communication of the assessment order to...

Tax department prevails over tribunal judgement

Published 03 May, 2025 06:07am

LAHORE: Tax department has won over a tribunal judgment based on documents not part of reply filed by a taxpayer...

Case regarding violations of Rule 150ZEO: Sealing of outlet will harm business entity and economy: ATIR bench

Published 01 May, 2025 06:19am

ISLAMABAD: A division bench of the Appellate Tribunal Inland Revenue (ATIR), Islamabad bench, in a landmark ...

Taxation machinery: PM proclaims carrot-and-stick approach

Updated 19 Apr, 2025 03:30pm

Warns that those who will not work, will be subjected to penalties

Appellate forum sets aside show-cause notice of PRA

Published 06 Apr, 2025 05:44am

LAHORE: A taxpayer has challenged a show-cause notice issued by the Punjab Revenue Authority (PRA) for the alleged...

Duty and Tax Remission on Exports: Taxpayer avails duty & taxes applicable on damaged goods

Published 20 Feb, 2025 06:44am

LAHORE: A taxpayer has succeeded in availing duty and taxes applicable on damaged goods under Duty and Tax Remission...

FBR urged to establish fully operational tax office in Gwadar

Updated 08 Feb, 2025 09:39am

ISLAMABAD: Pakistan Tax Bar Association (PTBA) Friday requested the Federal Board of Revenue (FBR) to immediately...

‘Papers not filed to answer notice’: Higher tribunal upholds stance of tax dept

Published 01 Feb, 2025 06:30am

LAHORE: A show-cause notice by the tax department has survived the test on the ground that a tribunal cannot base...

ATIR refers case to FBR chief against assessing officers

Published 01 Jan, 2025 03:03am

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) in a landmark decision has referred a case to the chairman,...

Use of software/programme: Payment is business income, not royalty: SC

Published 13 Dec, 2024 06:29am

ISLAMABAD: The Supreme Court of Pakistan, while exercising its review jurisdiction, has held that the...

CS underscores need for introducing advance MVT payment option

Published 07 Dec, 2024 06:51am

KARACHI: Chief Secretary Sindh Asif Hyder Shah has proposed introducing an option for taxpayers to pay motor vehicle...

President confirms FTO’s order against FBR’s ‘coercive measures’

Published 02 Sep, 2024 06:40am

ISLAMABAD: President Asif Ali Zardari has confirmed a landmark order issued by Federal Tax Ombudsman (FTO), who has...

Taxpayers to be provided justice in 4 to 6 weeks: FTO

Published 10 Aug, 2024 06:51am

KARACHI: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah (HI, SI) has announced quick action on the complaints of...

LTO fails to deduct tax on transfer from CWIP to fixed assets

Published 03 Aug, 2024 06:46am

LAHORE: The Lahore Tax Office (LTO) failed to deduct tax on transfer from construction work in progress (CWIP) to...

FIA summons FBR Member Operations

Published 27 Jul, 2024 07:16am

ISLAMABAD: The Federal Investigation Agency has summoned the Federal Board of Revenue (FBR) Member Operations Mir...

Since transactions done thru banking channel the same cannot be termed ‘fictitious’: appellate forum

Published 09 Jul, 2024 06:39am

LAHORE: A tax officer has failed to prove advance against shares as fictitious transactions transacted through...

Going after taxpayers without sound legal footing constitutes harassment: FTO

Published 08 Jun, 2024 07:00am

ISLAMABAD: The Inland Revenue tax officials are allegedly committing the worst kind of harassment by issuing illegal...

Immovable property between spouses: Commissioner IR fails to charge capital gains tax

Published 04 Jun, 2024 06:28am

LAHORE: The Commissioner Inland Revenue, RTO-lI Lahore, has failed to establish chargeability of capital gain on...

Violation of SC orders: FTO orders probe against CTO Islamabad officials

Published 18 May, 2024 05:45am

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has ordered an investigation against the Federal ...

Widow challenges advance tax against cellular phone services

Published 01 May, 2024 04:14am

LAHORE: A widow has challenged advance tax against cellular phone services, being not liable to pay income tax or...

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...

Delay in sales tax payments: Fibres’ manufacturer fails to furnish explanation

Published 16 Apr, 2024 03:38am

LAHORE: A fibres manufacturer has failed to furnish plausible explanation for sales tax payments while agitating ...

FBR overstepping the line

Published 05 Apr, 2024 04:50am

EDITORIAL: About time the Islamabad High Court (IHC) gave honest taxpayers, swindled by the FBR (Federal Board of...

Transaction against a taxpayer: Authorities fail to establish re-characterization

Published 05 Apr, 2024 04:50am

LAHORE: Tax authorities fail to establish re-characterization of a transaction against a taxpayer in the absence of...

Tax officer passes assessment order beyond show-cause notice

Published 27 Mar, 2024 04:38am

LAHORE: A tax officer passed an assessment order beyond the show-cause notice without confronting the same to the...

Capricious tax officer rectifies order after settlement by relevant forums

Published 20 Mar, 2024 03:00am

LAHORE: A capricious tax officer has proceeded to rectify the very order-in-original despite the matter having been...

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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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