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tax cases

The case for dedicated tax benches

EDITORIAL: The Chief Justice of Pakistan’s proposal to establish dedicated benches for tax-related cases is a...

Updated 03 Dec, 2024 06:43am

Tax-related cases: CJP wants dedicated benches for speedy justice

ISLAMABAD: Chief Justice Yahya Afridi wants dedicated benches for expeditious disposal of tax-related cases....

Updated 29 Nov, 2024 04:00pm

FBR shares 46 sets of third-party data with IR field offices

ISLAMABAD: The Federal Board of Revenue (FBR) has shared 46 sets of third-party data with Inland Revenue (IR) field...

Updated 28 Nov, 2024 02:38pm

Business & Finance

PTBA urges CJP to help resolve high-profile pending tax matters

KARACHI: The Pakistan Tax Bar Association (PTBA) has formally approached the newly appointed Chief Justice of...

Published 17 Nov, 2024 05:51am

Business & Finance

Appeal system becomes dysfunctional: Uncertainty surrounds Rs2.7trn tax litigations: PTBA

KARACHI: The country’s tax appeal system has fallen into “dysfunction” phase six months after major reforms were...

Updated 15 Nov, 2024 09:23am

Business & Finance

Tribunal upholds tax authority’s right to correct erroneous assessment

LAHORE: A tax tribunal has upheld the tax authority’s right to correct erroneous assessment orders even if the...

Published 13 Nov, 2024 08:20am

Editorials

Alternate dispute resolution committees

EDITORIAL: The Sindh High Court’s (SHC’s) directive to the Federal Board of Revenue (FBR) to withdraw all...

Published 13 Oct, 2024 06:46am

Sales tax condonation for time limit: FBR issues ‘checklist’ for taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a “checklist” for processing of condonation cases of...

Updated 19 Sep, 2024 08:51am

Section 122 (2) of ITO: ATIR reconciles apparently conflicting provisions

ISLAMABAD: In a landmark judgement, Appellate Tribunal Inland Revenue, Islamabad has reconciled the apparently...

Updated 16 Sep, 2024 03:12pm

Business & Finance

Explaining alternative dispute resolution (ADR)

General, 1. Dispute resolution is a preferred vehicle to settle cases where questions of facts or a composite...

Published 13 Sep, 2024 07:08am

Refund cannot be blocked for pendency of tax reference: IHC

ISLAMABAD: The Islamabad High Court (IHC) has rejected an order passed by the Federal Tax Ombudsman (FTO) and ruled...

Updated 09 Sep, 2024 09:31am

Business & Finance

MTBA asks ATIR chairman to transfer urgent cases back to Multan Bench

ISLAMABAD: The Multan Tax Bar Association (MTBA) has formally requested the chairman of the Appellate Tribunal ...

Published 07 Sep, 2024 06:59am

Business & Finance

FBR forms body to evaluate cases before filing appeals with HCs

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a Scrutiny Committee to evaluate all cases before...

Published 04 Sep, 2024 06:38am

Business & Finance

Fair trials: ATIR’s overwhelming caseload threatening taxpayers’ rights

KARACHI: The Appellate Tribunal Inland Revenue (ATIR) is facing an overwhelming caseload and insufficient resources...

Published 28 Aug, 2024 07:51am

ATIR rules: ‘Islamabad taxmen conducted proceedings in unprofessional way’

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has held that Islamabad tax officers have conducted tax...

Updated 05 Aug, 2024 09:06am

Pakistan

Speedy disposal of tax cases: PM for increasing number of ATs

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Law Division to increase the number of Appellate Tribunals...

Published 19 Jul, 2024 06:05am

Cabinet approves rules for speedy disposal of tax cases

ISLAMABAD: The federal Cabinet has approved Appellate Tribunal Inland Revenue (Appointments, Terms and Conditions of...

Updated 27 May, 2024 02:07pm

ATIR rules approved: Special body formed to consult on PECA amendments

ISLAMABAD: The federal cabinet has decided to set up a special committee for consultation on amendments in Pakistan...

Updated 15 May, 2024 08:53am

PM suspends CCIR for ‘deliberate delay in tax cases’

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday suspended Chief Commissioner-Inland Revenue (IR), Large...

Updated 24 Apr, 2024 09:25am

Pakistan

Violation of order: IHC summons Member Legal FBR

ISLAMABAD: Islamabad High Court (IHC) has summoned Member (Legal) Federal Board of Revenue (FBR) to appear in person...

Published 02 Oct, 2023 06:33am

Four held as IR Intelligence busts ‘fake sales tax invoice mafia’

ISLAMABAD: Inland Revenue Intelligence Directorate Karachi has busted an inter-province gang of fake/ flying sales...

Updated 11 Sep, 2023 08:39am

Business & Finance

‘No electronic selection of tax cases for audit during FY2021-22 by FBR’

LAHORE: The Federal Board of Revenue (FBR) had not selected tax cases for audit electronically during the fiscal ...

Published 26 Jun, 2022 05:44am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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