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Taxpayer

President confirms FTO’s order against FBR’s ‘coercive measures’

ISLAMABAD: President Asif Ali Zardari has confirmed a landmark order issued by Federal Tax Ombudsman (FTO), who has...

Published 02 Sep, 2024 06:40am

Pakistan

Taxpayers to be provided justice in 4 to 6 weeks: FTO

KARACHI: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah (HI, SI) has announced quick action on the complaints of...

Published 10 Aug, 2024 06:51am

Business & Finance

LTO fails to deduct tax on transfer from CWIP to fixed assets

LAHORE: The Lahore Tax Office (LTO) failed to deduct tax on transfer from construction work in progress (CWIP) to...

Published 03 Aug, 2024 06:46am

Pakistan

FIA summons FBR Member Operations

ISLAMABAD: The Federal Investigation Agency has summoned the Federal Board of Revenue (FBR) Member Operations Mir...

Published 27 Jul, 2024 07:16am

Business & Finance

Since transactions done thru banking channel the same cannot be termed ‘fictitious’: appellate forum

LAHORE: A tax officer has failed to prove advance against shares as fictitious transactions transacted through...

Published 09 Jul, 2024 06:39am

Business & Finance

Going after taxpayers without sound legal footing constitutes harassment: FTO

ISLAMABAD: The Inland Revenue tax officials are allegedly committing the worst kind of harassment by issuing illegal...

Published 08 Jun, 2024 07:00am

Business & Finance

Immovable property between spouses: Commissioner IR fails to charge capital gains tax

LAHORE: The Commissioner Inland Revenue, RTO-lI Lahore, has failed to establish chargeability of capital gain on...

Published 04 Jun, 2024 06:28am

Pakistan

Violation of SC orders: FTO orders probe against CTO Islamabad officials

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has ordered an investigation against the Federal ...

Published 18 May, 2024 05:45am

Pakistan

Widow challenges advance tax against cellular phone services

LAHORE: A widow has challenged advance tax against cellular phone services, being not liable to pay income tax or...

Published 01 May, 2024 04:14am

Business & Finance

Tax department fails to recover tax from bank accounts of taxpayer

LAHORE: The Tax department has failed to recover the tax assessed from bank accounts of taxpayer without issuance of...

Published 23 Apr, 2024 03:41am

Business & Finance

Delay in sales tax payments: Fibres’ manufacturer fails to furnish explanation

LAHORE: A fibres manufacturer has failed to furnish plausible explanation for sales tax payments while agitating ...

Published 16 Apr, 2024 03:38am

Editorials

FBR overstepping the line

EDITORIAL: About time the Islamabad High Court (IHC) gave honest taxpayers, swindled by the FBR (Federal Board of...

Published 05 Apr, 2024 04:50am

Business & Finance

Transaction against a taxpayer: Authorities fail to establish re-characterization

LAHORE: Tax authorities fail to establish re-characterization of a transaction against a taxpayer in the absence of...

Published 05 Apr, 2024 04:50am

Business & Finance

Tax officer passes assessment order beyond show-cause notice

LAHORE: A tax officer passed an assessment order beyond the show-cause notice without confronting the same to the...

Published 27 Mar, 2024 04:38am

Business & Finance

Capricious tax officer rectifies order after settlement by relevant forums

LAHORE: A capricious tax officer has proceeded to rectify the very order-in-original despite the matter having been...

Published 20 Mar, 2024 03:00am

Business & Finance

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

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

Published 16 Mar, 2024 06:26am

Business & Finance

Cotton processor secures input tax refund

LAHORE: A cotton processor has secured input tax refund, which was rejected by the sales tax department after the...

Published 05 Mar, 2024 03:09am

Business & Finance

Deduction of WHT: Pipe maker fails to shift onus on tax dept

LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without...

Published 02 Mar, 2024 04:16am

Business & Finance

Taxpayer claims audit proceedings conducted under repealed provisions

LAHORE: A taxpayer has alleged the income tax department to have used repealed provisions of the law to carry out...

Published 28 Feb, 2024 06:10am

Markets

Yarn trader succeeds availing concessional rate after legal fight

LAHORE: A yarn trader has succeeded in availing the facility of concessional rate despite a hot pursuit of the tax...

Published 18 Feb, 2024 03:01am

Business & Finance

RMG chain store remains unable to prove misuse of authority

LAHORE: A Readymade Garment (RMG) chain store could not prove misuse of authority by Commissioner Inland Revenue...

Published 17 Feb, 2024 05:51am

Business & Finance

FTO orders probe into bank account attachments without recovery notice

ISLAMABAD: Federal Tax Ombudsman (FTO) has ordered to conduct an investigation against Secretary Revenue Division ...

Published 26 Jan, 2024 04:58am

Business & Finance

E-processing, e-issuance of refund: FBR still requires order by court or FTO’s recommendation

ISLAMABAD: In spite of insertion of section 170A in the Income Tax Ordinance 2001 through Finance Act 2021, the...

Published 18 Jan, 2024 05:54am

Business & Finance

Sales: tax practitioners point out major anomaly

LAHORE: Treating sales alone as income without considering purchases in order to establish suppression of sales is...

Published 18 Jan, 2024 05:54am

Business & Finance

ATIR Lahore explains how foreign companies should approach

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Lahore has unanimously held that the foreign companies have...

Published 31 Dec, 2023 03:04am

Business & Finance

Gujrat Tax Bar Association demands streamlining of services for taxpayers

GUJRAT: The Gujrat Tax Bar Association, led by President Khurram Taufiq Malik and General Secretary Tahir Hassan...

Published 19 Dec, 2023 05:20am

Business & Finance

Ship-breaking firm recovers damages against tax dept

LAHORE: A private firm involved in the business of ship breaking has recovered damages against the Income Tax...

Published 29 Nov, 2023 05:09am

Pakistan

Plea against harassment: FTO summons FBR member, commissioner tomorrow

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Member Operations-IR, Federal Board of Revenue (FBR) and...

Published 23 Nov, 2023 03:19am

Business & Finance

IMF loan termed a short-term solution to help country avert default

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 18 Nov, 2023 06:03am

Business & Finance

Discos, NTDC, CPPA-G: FTO seeks FBR clarification on attachment of bank accounts

ISLAMABAD: The Federal Tax Ombudsman (FTO) Dr Asif Jah has directed Member Inland Revenue (Operations) Federal Board...

Published 16 Nov, 2023 05:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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