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tax cases

Section 4B of Income Tax Ordinance, 2001: Spent more than collection for TDPs rehabilitation: AAG

ISLAMABAD: The Additional Attorney General for Pakistan (AAG) informed that the federation has spent more than what...

Updated a day ago

If a case is subjudice proviso of Sec 174 (1) of ITO will kick in: SC

ISLAMABAD: The Supreme Court noted that if a case is subjudice before a legal forum then it is enough for proviso of...

Published 3 days ago

Automated income tax refund system: FBR has failed to enforce IHC’s directive

ISLAMABAD: The Islamabad High Court’s landmark judgment for effective enforcement of an automated income tax refund...

Updated 12 May, 2025 02:53pm

Eight appeals: President rejects CTO Islamabad’s stance

ISLAMABAD: President Asif Ali Zardari has rejected the stance of Corporate Tax Office (CTO) Islamabad in eight...

Updated 28 Apr, 2025 09:01am

SC CB asks whether super tax is a ‘tax’ or ‘fee’

ISLAMABAD: Supreme Court Judge Justice Muhammad Ali Mazhar has said that if the apex court concludes that the levy...

Updated 16 Apr, 2025 08:55am

SC to take up pleas against Super Tax tomorrow

ISLAMABAD: The constitutional bench of the Supreme Court will take up petitions against Sections 4B and 4C of the...

Updated 06 Apr, 2025 11:28am

Opinion

‘Unconstitutional’ windfall tax—II

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

Published 30 Mar, 2025 06:17am

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

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

Updated 23 Mar, 2025 10:20pm

SHC could initiate proceedings against CTO IR chief

ISLAMABAD: Sindh High Court (SHC) will initiate proceedings against Chief Commissioner Corporate Tax Office (CTO),...

Published 20 Mar, 2025 05:30am

Automated income tax refund system: FBR fails to implement IHC judgement

ISLAMABAD: The Islamabad High Court’s landmark judgment for effective enforcement of an automated income tax refund...

Updated 17 Mar, 2025 08:48am

Constitution bars double taxation implicitly, lawyer tells apex court

ISLAMABAD: Makhdoom Ali Khan submitted that various judgments of the Supreme Court have restricted the word “fee”...

Updated 15 Mar, 2025 09:44am

Opinion

Justice denied to justice buried

The Supreme Court of Pakistan during the last many days has dismissed a large number of leaves to appeal, mainly...

Published 14 Mar, 2025 06:20am

Sections 4B and 4C of Income Tax law: IHC, LHC ordered to transfer pending ICAs to SC

ISLAMABAD: The Islamabad High Court (IHC) and the Lahore High Court (LHC) were ordered to transfer pending...

Updated 13 Mar, 2025 08:44am

Commissioner (Appeals): ATIR reprimands FBR officials for challenging competence

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) in a landmark judgment has reprimanded Federal Board of Revenue...

Updated 10 Mar, 2025 08:41am

LHC takes exception to FBR’s court fee waiver

ISLAMABAD: The Lahore High Court (LHC) has shown extreme displeasure over the fact that the Federal Board of Revenue...

Updated 09 Mar, 2025 09:28am

Aurangzeb says will urge CJP to fast-track tax cases

Decisions on tax cases should come soon, so that there are no problems, adds the finance minister

Updated 04 Feb, 2025 02:29pm

Business & Finance

PTBA proposes forming body to evaluate pending tax cases

KARACHI: Pakistan Tax Bar Association (PTBA) has proposed establishing a specialized steering committee to evaluate...

Published 22 Jan, 2025 07:11am

Separate benches formed for early disposal of tax cases: CJP

ISLAMABAD: Chief Justice of Pakistan Yahya Afridi stated that separate benches have been constituted for hearing and...

Updated 14 Jan, 2025 08:47am

IR panel: No tax cases assigned to 535 lawyers by FBR in 2024

ISLAMABAD: The Federal Board of Revenue (FBR) has not assigned any tax-related case to 535 advocates/lawyers (Inland...

Updated 08 Jan, 2025 09:12am

FBR tracks tax officials facing NAB proceedings

ISLAMABAD: The Federal Board of Revenue (FBR) is compiling details of tax officials against whom National...

Updated 08 Jan, 2025 09:09am

Editorials

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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