Topic

windfall tax

Six EU countries urge windfall tax on energy firms

Published 23 Aug, 2026 02:33am

FRANKFURT, (Germany): Six EU countries are stepping up calls for a bloc-wide windfall tax on oil companies as...

‘Unconstitutional’ windfall tax—II

Published 30 Mar, 2025 06:17am

Discriminatory without intelligible differentia [Points 7 & 8] The Supreme Court of Pakistan in Federation of...

‘Unconstitutional’ windfall tax–I

Published 28 Mar, 2025 06:15am

Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023...

Tax on banks’ income: PM’s economic reforms boost exchequer by Rs34.5bn

Updated 23 Mar, 2025 10:20pm

ISLAMABAD: The vacation of stay order by the Lahore High Court regarding tax on windfall income of banks resulted in...

Windfall tax: FBR recovers Rs 23bn from 16 banks

Published 24 Feb, 2025 06:23am

ISLAMABAD: The Federal Board of Revenue (FBR) has recovered Rs 23 billion from 16 banks on account of windfall tax...

Windfall tax: govt collected Rs23bn from 16 banks in a single day, says Finance Division

Updated 23 Feb, 2025 10:49pm

Pakistan government collected a total of Rs23 billion in windfall tax from 16 banks in a single day, a statement...

SHC dismisses pleas challenging sections relating to windfall tax

Updated 21 Feb, 2025 09:31am

ISLAMABAD: The Sindh High Court (SHC) has dismissed the petitions challenging the levy of Section 99D of the Income...

India’s finance ministry evaluating removal of windfall tax, govt source says

Published 28 Nov, 2024 11:24am

NEW DELHI: India’s finance ministry is evaluating the relevance of windfall tax, a federal government source said on...

UK increases windfall tax on North Sea oil and gas producers

Published 31 Oct, 2024 06:18am

LONDON: The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and...

India raises windfall tax on petroleum crude to 3,200 rupees/tonne

Published 03 Feb, 2024 10:13am

NEW DELHI: India raised its windfall tax on petroleum crude to 3,200 rupees/ton from 1,700 rupees from Saturday...

Tax on banks: FBR mulling hiring legal counsel

Updated 19 Jan, 2024 09:12am

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to hire expert legal counsel to defend its cases of tax on...

High court suspends 40pc additional tax on windfall income of banks

Updated 26 Dec, 2023 09:56am

ISLAMABAD: After Islamabad and Lahore High Courts, the Sindh High Court (SHC) has also suspended the SRO...

Imposition of additional tax on windfall income subject to NA’s nod

Published 25 Nov, 2023 05:19am

ISLAMABAD: The Federal Board of Revenue (FBR)’s notification to impose a 40 percent additional tax on windfall...

Windfall tax levy faces prospect of litigation

Published 18 Nov, 2023 06:03am

EDITORIAL: Windfall tax is defined as “a tax levied on an unforeseen or unexpectedly large profit, especially one...

Yellen signals support for windfall tax on frozen Russian assets

Published 21 Sep, 2023 09:47pm

WASHINGTON: U.S. Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall...

Retrospective tax on windfall income discourages corporatization—II

Published 10 Jul, 2023 06:52am

Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is...

Retrospective tax on windfall income discourages corporatization—I

Updated 07 Jul, 2023 06:10am

A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023...

Tax on windfall profits: FBR to face legal complications

Updated 03 Jul, 2023 08:59am

ISLAMABAD: The Federal Board of Revenue (FBR) will face legal complications to collect new tax on windfall profits...

Comments on changes in Finance Bill 2023

Published 27 Jun, 2023 06:15am

General These notes provide comments on the changes proposed in the Finance Bill 2023 by the Finance Minister. This...

Britain sets price floor on oil and gas windfall tax

Published 09 Jun, 2023 01:46pm

LONDON: Britain’s windfall tax on oil and gas producers will not be applied if prices drop to certain levels for six...

India cuts windfall tax on crude, aviation turbine fuel and diesel

Published 16 Feb, 2023 10:41am

BENGALURU: India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to...

North Sea producers seek price floor to limit windfall tax

Published 12 Dec, 2022 07:15am

LONDON: The British government should introduce a price floor to mitigate the impact of its new windfall tax on the...

UN chief steps up his attacks on oil, gas companies

Updated 21 Sep, 2022 09:54am

Antonio Guterres pushes developed countries to tax fossil fuel windfall profits

India to drop windfall tax if oil prices fall $40 a barrel

BR100
BR30
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KSE30
KMI30

1D 5D 3M 6M 1Y

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
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.54
Diesel/Litre / Oct 1	402.24

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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