Trends - Income Tax Ordinance 2001

Income Tax Ordinance 2001

Tax Laws (Amendment) Ordinance, 2025: Ill-advised, confiscatory & undemocratic

The President of Pakistan issued Tax Laws (Amendment) Ordinance, 2025, published in The Gazette of Pakistan on May ...

Updated 09 May, 2025 07:59am

Business & Finance

FBR operationalises Section 175C of ITO

ISLAMABAD: In a significant move to broaden the tax base and address long-standing inequities in Pakistan’s tax...

Published 04 May, 2025 06:11am

Business & Finance

LCCI chief criticizes amendments to Income Tax Ord, Federal Excise Act

LAHORE: President of the Lahore Chamber of Commerce & Industry (LCCI), Mian Abuzar Shad, has termed the recent...

Published 04 May, 2025 05:49am

ITO provisions and Section 4B: SC urged to harmonise definition of ‘income’

ISLAMABAD: The Supreme Court was asked to harmonise the definition of income given in various provisions of Income...

Updated 30 Apr, 2025 09:13am

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

Clause 105A of Income Tax Ordinance, 2001: ATIR Islamabad declares audit selection process illegal

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) Islamabad has declared the audit selection process undertaken by...

Updated 14 Apr, 2025 09:23am

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–I

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

Published 28 Mar, 2025 06:15am

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

Shopkeepers/traders: FBR mulling another registration scheme

ISLAMABAD: The Federal Board of Revenue (FBR) is seriously considering launching another registration scheme for...

Updated 24 Mar, 2025 03:45pm

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

Word ‘tax’ in ITO, Article 260: SC judge seeks accurate definition

ISLAMABAD: Justice Aminuddin Khan questioned whether the definition of “tax” in clause 63 of Section 2 of Income Tax...

Updated 14 Mar, 2025 08:41am

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

Pleas against ITO Sections: CB of SC dissolved after recusal of Justice Farooq

ISLAMABAD: The Constitutional Bench of the Supreme Court, constituted for hearing of petitions against Sections 4B...

Updated 11 Mar, 2025 09:24am

Pakistan

Sections 4B & 4C of Income Tax law: SC will hear petitions from tomorrow

ISLAMABAD: A five-judge of constitutional bench of Supreme Court will hear petitions regarding Section 4B and 4C of...

Published 09 Mar, 2025 05:17am

Rs265.745bn WHT paid in H1FY25: Salaried individuals emerge major contributor to kitty

ISLAMABAD: The salaried class became a major contributor to withholding tax payment during the first six months of...

Updated 02 Mar, 2025 09:35am

Business & Finance

Windfall tax: FBR recovers Rs 23bn from 16 banks

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

Published 24 Feb, 2025 06:23am

Markets

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

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

Updated 23 Feb, 2025 10:49pm

SHC dismisses pleas challenging sections relating to windfall tax

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

Updated 21 Feb, 2025 09:31am

ATIR assessment framework: FBR directs IR officers to adhere to procedure

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all Inland Revenue assessing officers to follow the...

Updated 21 Feb, 2025 09:33am

Tax authorities: Structured procedural framework drafted

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad Bench-I has drafted a structured procedural...

Updated 13 Feb, 2025 09:28am

Housing sector: task force finalises recommendations

ISLAMABAD: Task Force for development of housing sector has recommended abolition of section 7E of the Income Tax...

Updated 03 Feb, 2025 03:07pm

Agriculture income: LHC disposes of plea challenging assessment

LAHORE: The Lahore High Court disposed of a petition filed by Mian Ilyas Meraj challenging the assessment of...

Updated 30 Jan, 2025 08:45am

Salaried individuals: FBR issues ‘frivolous’ tax recovery notices

ISLAMABAD: The Federal Board of Revenue’s field formations have issued frivolous tax recovery notices to the...

Updated 30 Jan, 2025 06:06pm

Business & Finance

Sections 177 and 214C of Income Tax law: Structured procedure for audits by IR explained

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has explained a structured procedure for conducting audits ...

Updated 24 Jan, 2025 08:03am

Opinion

Rental income from immovable properties situated outside Pakistan

The undesired event: The Federal Board of Revenue (FBR) through a letter dated October 31, 2022 has clarified that...

Published 14 Jan, 2025 03:12am

Business & Finance

Tax violations: Crackdown against marriage halls launched

KARACHI: Regional Tax Office-I (RTO-I) has launched crackdown against marriage halls in Karachi for alleged tax...

Published 28 Dec, 2024 05:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	145.91
USD to Swiss Franc / May 12	0.83
Pound Sterling to USD / May 12	1.33
Euro to USD / May 12	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
Nasdaq / May 9	17,928.92
Dow Jones / May 9	41,249.38
India Sensex / May 12	81,746.51
Tokyo Nikkei / May 12	37,643.20
Hang Seng / May 12	23,174.79
FTSE 100 / May 12	8,559.54
Germany DAX 30 / May 12	23,721.61
France CAC40 / May 12	7,802.81

Item	Value
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Petrol/Litre / May 12	252.63
Crude Oil USD/Barrel / May 12	61.81
Gold Spot USD/Ounce / May 12	3,279.94
Diesel/Litre / May 12	256.64
Cotton US¢/pound / May 12	67.45

Gainers
Losers
Leaders

Stock	Price
Dewan Farooque Sp. / May 12 Dewan Farooque Spinning Mills Limited(DFSM)	3.08 ▲ 0.71 (29.96%)
Equity Modaraba / May 12 First Equity Modaraba(FEM)	3.17 ▲ 0.67 (26.8%)
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	4.99 ▲ 1 (25.06%)
Cresent Jute / May 12 Crescent Jute Products Limited(CJPL)	3.18 ▲ 0.58 (22.31%)
Media Times Ltd / May 12 Media Times Limited(MDTL)	1.84 ▲ 0.33 (21.85%)
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	5.38 ▲ 0.96 (21.72%)
Chenab Ltd (Pref) / May 12 Chenab Limited (Pref)(CLCPS)	2.49 ▲ 0.44 (21.46%)
Al-Shaheer Corp / May 12 Al Shaheer Corporation Limited(ASC)	5.88 ▲ 1 (20.49%)
D.S. Ind. Ltd. / May 12 D.S. Industries Limited(DSIL)	4.64 ▲ 0.74 (18.97%)
Hira Textile / May 12 Hira Textile Mills Limited(HIRAT)	3.25 ▲ 0.51 (18.61%)

Stock	Price
Reliance Weaving / May 12 Reliance Weaving Mills Limited(REWM)	98.10 ▼ -10.9 (-10%)
Apna Microfin. / May 12 Apna Microfinance Bank Limited(AMBL)	9.90 ▼ -1.05 (-9.59%)
Shams Textile / May 12 Shams Textile Mills Limited(STML)	21.50 ▼ -2 (-8.51%)
Ellcot Spinning / May 12 Ellcot Spinning Mills Limited(ELSM)	103.20 ▼ -8.99 (-8.01%)
Suhail Jute / May 12 Suhail Jute Mills Limited(SUHJ)	80.01 ▼ -6.59 (-7.61%)
Din Tex. / May 12 Din Textile Mills Limited(DINT)	47 ▼ -2.99 (-5.98%)
Paramount Mod / May 12 First Paramount Modaraba(FPRM)	6.86 ▼ -0.42 (-5.77%)
Pak Paper Prod / May 12 Pakistan Paper Products Limited(PPP)	147.01 ▼ -7.1 (-4.61%)
Sakrand Sugar / May 12 Sakrand Sugar Mills Limited(SKRS)	11.80 ▼ -0.52 (-4.22%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	43 ▼ -1.87 (-4.17%)

Stock	Volume
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	113,339,802 ▲ 0.55
At-Tahur Ltd. / May 12 At-Tahur Limited(PREMA)	75,586,776 ▲ 1.38
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	65,777,142 ▲ 0.15
Power Cement / May 12 Power Cement Limited(POWER)	38,991,042 ▲ 1.09
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	33,253,495 ▲ 1
B.O.Punjab / May 12 The Bank of Punjab(BOP)	30,799,662 ▲ 1
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	23,237,026 ▲ 1
Hub Power Co. / May 12 The Hub Power Company Limited(HUBC)	21,435,724 ▲ 12.58
Pak Int.Bulk / May 12 Pakistan International Bulk Terminal(PIBTL)	14,540,297 ▲ 1
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	12,178,931 ▲ 0.96

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Income Tax Ordinance 2001

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