Topic

Taxpayer

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 ...

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...

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...

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...

FBR notice issued within 6 years: ‘Taxpayer bound to maintain tax record till...’

Published 16 Mar, 2024 06:26am

ISLAMABAD: Federal Tax Ombudsman (FTO) Friday declared that once Federal Board of Revenue’s (FBR) notice is issued...

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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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