Trends - FTO - Business Recorder

FTO

FTO declares non-compliance of stay order as maladministration

LAHORE: The Federal Tax Ombudsman (FTO) has declared non-compliance of stay order by the tax assessment officer...

Published about 14 hours ago

Business & Finance

Seminar held at LCCI to strengthen taxpayers-FTO Office engagement

LAHORE: The Federal Tax Ombudsman Secretariat convened a high-level meeting of its Advisory Committee, followed by...

Published about 16 hours ago

Held-up GST returns: FTO bars FBR from imposing penalties on registered persons

ISLAMABAD: In a major development, the Federal Tax Ombudsman (FTO) has barred Federal Board of Revenue (FBR) from...

Updated 2 days ago

Business & Finance

FTO Secretariat: First-ever ‘Diplomatic Grievance Redressal Cell’ inaugurated

ISLAMABAD: The diplomatic community in Pakistan can now approach Federal Tax Ombudsman’s (FTO) newly established...

Published 12 Apr, 2025 05:40am

Business & Finance

Crypto tax: FTO chastises FBR for inaction, lack of clarity

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly condemned the Federal Board of Revenue (FBR) for its...

Published 10 Apr, 2025 03:14am

Business & Finance

Non-payment of refund: FTO refuses to entertain taxpayer’s complaint

ISLAMABAD: Federal Tax Ombudsman (FTO) has refused to entertain a taxpayer’s complaint of non-payment of refund...

Published 09 Apr, 2025 07:12am

Pakistan

Customs Appellate Tribunal, PHC, SC: FTO directs FBR to release confiscated 170 tolas gold

ISLAMABAD: The intervention of the Federal Tax Ombudsman (FTO) may force the Federal Board of Revenue (FBR) to...

Published 08 Apr, 2025 05:40am

Online business integration, other matters: FBR failed to defend case before FTO

ISLAMABAD: Policy and Operation wings of Federal Board of Revenue (FBR) has failed to defend a case before Federal...

Updated 07 Apr, 2025 09:29am

Teachers: federal cabinet restores 25pc income tax rebate

ISLAMABAD: Following intervention of the Federal Tax Ombudsman (FTO), the Federal Cabinet has restored 25 percent...

Updated 28 Mar, 2025 02:10pm

Business & Finance

Education board employees get relief from FTO

LAHORE: Thousands of teachers and staff associated with the secondary education boards have received a significant...

Published 16 Mar, 2025 02:50am

Business & Finance

Punishment to taxmen: FBR fails to act on FTO’s key recommendations

ISLAMABAD: The Federal Board of Revenue (FBR) has failed to implement the key recommendations of the Federal Tax...

Published 08 Mar, 2025 02:48am

FTO unearths tax fraud case involving cyber criminals

ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed a unique case of tax fraud involving cyber criminals, who...

Updated 07 Mar, 2025 09:19am

Business & Finance

Supervisory, invigilation duties: FTO asks FBR to insulate teachers from paying WT under Sec 153

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure all salary...

Published 04 Mar, 2025 06:30am

Business & Finance

KE’s financial best practices upheld in FTO’s decision

KARACHI: K-Electric (KE) welcomes the Federal Tax Ombudsman’s (FTO) recent decision affirming the company’s full...

Published 01 Mar, 2025 06:28am

Bun, rusk sales: FTO tells FBR to offer GST relief in budget

ISLAMABAD: The Federal Tax Ombudsman (FTO) has strongly recommended the Federal Board of Revenue (FBR) to consider...

Updated 27 Feb, 2025 09:24am

Solar net metering consumers: Discovering Rs9.8bn loss, FTO orders 18pc GST levy

ISLAMABAD: The Federal Tax Ombudsman (FTO) discovering huge revenue loss of Rs9.8 billion, passed the order for...

Updated 25 Feb, 2025 08:11pm

‘Fake educational institutions’: FTO to submit detailed report to President

ISLAMABAD: Federal Tax Ombudsman (FTO) will submit a detailed report to President of Pakistan on a reference...

Updated 24 Feb, 2025 08:52am

Editorials

FBR’s strong-arm tactics

EDITORIAL: In yet another display of its highhandedness towards taxpayers, it has come to light that the Federal...

Published 18 Feb, 2025 03:01am

Business & Finance

Delaying tactics in refunds: Taxpayers being forced to withdraw complaints filed with FTO: experts

ISLAMABAD: Tax advisers have reported incidents where tax officials are allegedly pressurizing taxpayers to withdraw...

Published 14 Feb, 2025 08:56am

Business & Finance

Issuance of refunds: Taxpayers being pressurized to withdraw complaint

ISLAMABAD: Tax advisers have reported incidents where tax officials are allegedly pressurizing taxpayers to withdraw...

Published 13 Feb, 2025 07:55am

Salaried individuals: FTO tells FBR to scale back checks on telco-issued certificates

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to check the pattern of...

Updated 09 Feb, 2025 09:52am

Business & Finance

Punishment to tax officials modified by FTO office

ISLAMABAD: Federal Tax Ombudsman (FTO) has converted the punishment of disciplinary proceedings against the tax...

Published 03 Feb, 2025 06:41am

Business & Finance

USA, Canada, Saudi Arabia, China ‘Overseas Pakistanis, foreigners timely filing complaints with FTO’

ISLAMABAD: The overseas Pakistanis and non-residents in United States of America (USA), Canada, Saudi Arabia, and...

Published 30 Jan, 2025 06:47am

Tax assessment info access: IHC overturns FTO’s stance on taxpayers’ right

ISLAMABAD: The Islamabad High Court (IHC) has overturned the Federal Tax Ombudsman’s stance, which declared that...

Updated 27 Jan, 2025 10:39am

Business & Finance

FTO presents annual report to President

ISLAMABAD: Federal Tax Ombudsman (FTO) made recommendations on 13,500 taxpayers’ complaints, but only 336 were...

Published 21 Jan, 2025 06:12am

Business & Finance

Tax rebate for full-time teachers: FBR directed to issue detailed IT explanatory circular

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to issue a detailed income ...

Published 17 Jan, 2025 02:56am

Business & Finance

Forum sets aside FTO’s order against IR official

LAHORE: A senior official of the Inland Revenue department has got rescinded adverse remarks made by the Federal Tax...

Published 10 Jan, 2025 03:51am

Business & Finance

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

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

Published 09 Jan, 2025 06:19am

Business & Finance

FTO Lahore resolves 2442 complaints in 2024

LAHORE: The Federal Tax Ombudsman (FTO) Lahore office made significant strides in providing relief to taxpayers in...

Published 07 Jan, 2025 05:55am

Unrecognised educational institutions: FTO to file report to president on tax affairs

ISLAMABAD: The Federal Tax Ombudsman (FTO) will file a comprehensive report to President of Pakistan on a reference...

Updated 06 Jan, 2025 03:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	280.70
USD PKR Interbank Buying / Apr 18	280.45
USD to Japanese Yen / Apr 17	142.33
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.33
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 17	4.96

Stock	Volume
S&P 500 / Apr 17	5,282.70
India Sensex / Apr 17	78,553.20
Nasdaq / Apr 17	16,286.45
Hang Seng / Apr 17	21,395.14
FTSE 100 / Apr 17	8,275.66
Dow Jones / Apr 17	39,142.23
Germany DAX 30 / Apr 17	21,205.86
France CAC40 / Apr 17	7,285.86
Tokyo Nikkei / Apr 18	34,730.28

Item	Value
Crude Oil USD/Barrel / Apr 17	64.68
Karachi Cotton PKR/37.32 KG / Apr 17	16,985
Gold 10 Grams PKR / Apr 17	300,068
Gold Spot USD/Ounce / Apr 17	3,326.85
Cotton US¢/pound / Apr 17	67.13
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Apr 18 PICIC Insurance Limited(PIL)	3.45 ▲ 1 (40.82%)
Universal Ins. / Apr 18 The Universal Insurance Company Limited(UVIC)	10.37 ▲ 1 (10.67%)
Oilboy Energy / Apr 18 Oilboy Energy Limited(OBOY)	10.91 ▲ 1 (10.09%)
Popular Islamic / Apr 18 Popular Islamic Modaraba(PIM)	13.70 ▲ 1.25 (10.04%)
Bunnys Limited / Apr 18 Bunnys Limited(BNL)	26.91 ▲ 2.45 (10.02%)
Safe Mix Con.Lt / Apr 18 Safe Mix Concrete Limited(SMCPL)	18.11 ▲ 1.65 (10.02%)
Nimir Resins / Apr 18 Nimir Resins Limited(NRSL)	46.70 ▲ 4.25 (10.01%)
S.S.Oil / Apr 18 S.S.Oil Mills Limited(SSOM)	269.05 ▲ 24.46 (10%)
Pak Gulf Leasing / Apr 18 Pak-Gulf Leasing Company Limited(PGLC)	24.08 ▲ 2.19 (10%)
Indus Dyeing / Apr 18 Indus Dyeing & Manufacturing Co. Limited(IDYM)	129.98 ▲ 11.82 (10%)

Stock	Price
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	0.58 ▼ -0.49 (-45.79%)
Shaheen Ins. / Apr 18 Shaheen Insurance Company Limited(SHNI)	5.80 ▼ -1.37 (-19.11%)
Century Ins. / Apr 18 Century Insurance Company Limited(CENI)	41.20 ▼ -8.62 (-17.3%)
Escorts Bank / Apr 18 Escorts Investment Bank Limited(ESBL)	5.90 ▼ -0.94 (-13.74%)
Tariq Corp.Pref. / Apr 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.40 ▼ -0.89 (-10.74%)
Crescent Fib. / Apr 18 Crescent Fibres Limited(CFL)	45.25 ▼ -5 (-9.95%)
Zephyr Textile / Apr 18 Zephyr Textiles Limited(ZTL)	11.26 ▼ -1.22 (-9.78%)
Idrees Tex. / Apr 18 Idrees Textile Mills Limited(IDRT)	17.20 ▼ -1.85 (-9.71%)
Suraj Cotton / Apr 18 Suraj Cotton Mills Limited(SURC)	119.01 ▼ -12.62 (-9.59%)
Trust Sec.& Brok. / Apr 18 Trust Securities & Brokerage Limited(TSBL)	12.65 ▼ -1.32 (-9.45%)

Stock	Volume
Sui South Gas / Apr 18 Sui Southern Gas Company Limited(SSGC)	38,207,702 ▲ 1.49
Pak Int.Bulk / Apr 18 Pakistan International Bulk Terminal(PIBTL)	30,924,422 ▲ 0.19
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	22,825,989 ▲ 0.07
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	17,207,672 ▼ -0.01
Maple Leaf Cement / Apr 18 Maple Leaf Cement Factory Limited(MLCF)	12,780,505 ▲ 0.93
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	11,578,802 ▲ 0
Pak Elektron / Apr 18 Pak Elektron Limited(PAEL)	10,988,493 ▼ -0.53
Habib Bank / Apr 18 Habib Bank Limited(HBL)	9,338,304 ▼ -5.73
Oilboy Energy(R) / Apr 18 Oilboy Energy Limited(R)(OBOYR2)	9,054,335 ▼ -0.49
B.O.Punjab / Apr 18 The Bank of Punjab(BOP)	8,925,360 ▼ -0.09

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