Many buyers are unaware that property or goods purchased through auction in Pakistan are subject to income tax. Under Section 236A of the Income Tax Ordinance, 2001, the Federal Board of Revenue (FBR) mandates the collection of advance tax at the time of sale by auction for tax year 2026.
(more…)Author: Shahnawaz Akhter
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KSE-100 index hits record high of 182,408 points amid strong rally at PSX
Karachi, January 5, 2026 — The Pakistan Stock Exchange (PSX) continued its bullish momentum on Monday, with the KSE-100 index surging to a new all-time high after gaining 3,373 points. The benchmark index closed at 182,408 points, up 1.88% from last Friday’s close of 179,035 points, marking another strong start to the trading year.
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SITE Karachi Industries Suffer 15-Day Power Outage, KE Promises Relief
Karachi, January 5, 2026 — Several industries located in SITE Karachi have been without electricity for the past 15 days, severely disrupting industrial operations and causing significant financial losses, the SITE Association of Industry (SAI) informed K-Electric (KE) during a meeting on Monday.
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RTO Karachi seizes 1,800 sugar bags with fake TTS stamps
Karachi, January 5, 2026 — The Regional Tax Office (RTO)-II, Karachi, in collaboration with Inland Revenue Intelligence and Investigation (I&I), has confiscated 1,800 bags of sugar after intercepting trucks carrying counterfeit Track and Trace System (TTS) stamps during a major enforcement operation.
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How Much Tax Do You Pay on Telephone and Internet in 2026?
If you use mobile phones, landlines, or internet services in Pakistan, you are already paying advance income tax—often without realizing it. For tax year 2026, the Federal Board of Revenue (FBR) continues to collect this tax under Section 236 of the Income Tax Ordinance, 2001.
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Advance Tax on Electricity Consumption – FBR Rates for Tax Year 2026
The Federal Board of Revenue (FBR) has updated the advance income tax framework on electricity consumption for tax year 2026, affecting industrial, commercial, and certain domestic consumers across Pakistan.
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Pakistan’s Motor Vehicle Tax Under Section 234 – Tax Year 2026 Explained
Motor vehicle owners in Pakistan must understand motor vehicle tax and advance tax obligations for tax year 2026 to avoid penalties and compliance issues. The Income Tax Ordinance, 2001, updated for Tax Year 2026, lays down these rules under Section 234, which governs the collection of advance tax along with motor vehicle tax.
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Advance Tax Rates and Procedure for Brokerage and Commission in Pakistan – 2026 Guide
What is Advance Tax on Brokerage and Commission?
Advance tax on brokerage and commission is a withholding tax deducted at source by the payer (principal) on payments made to the agent.
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Purchasing Motor Vehicles in 2026? Must-Know Advance Tax Rates
Why You Must Know Advance Tax on Motor Vehicles
Planning to buy a car, jeep, SUV, or other motor vehicle in 2026?
• The Federal Board of Revenue (FBR) collects advance tax at the time of purchase, registration, leasing, or transfer.
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Not on ATL? Face 0.8% Tax on Cash Withdrawals in 2026
What is the 0.8% Tax on Cash Withdrawals?
If your name is not on the Active Taxpayers’ List (ATL) in Pakistan, Section 231AB of the Income Tax Ordinance, 2001 (updated for 2026) requires banks to deduct 0.8% advance tax on cash withdrawals.
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