Umair Ar Mughal 
“Director” isn’t one job description — a company’s board can include several distinct types, each with different obligations and liability exposure. Executive Directors Directors who also hold a day-to-day management role in the company (like a CEO who is also a board member). They’re involved in both governance and daily operations, giving them the deepest … Read more
Form 26 is a specific SECP filing, and confusing it with other similarly-numbered forms is easy — here’s what it actually covers. What Form 26 Is Form 26 is SECP’s form for notifying the return of allotment of shares — filed when a company issues new shares to shareholders (whether at incorporation, a fresh funding … Read more
Looking for the full year-by-year archive? Browse our Tax Card Archive for rate cards from Tax Year 2006 onward. FBR income tax slabs vary depending on who you are — a salaried individual, a non-salaried individual or AOP, or a company — and each category has its own rate structure. This page is the overview … Read more
Prize bond winnings are taxable income in Pakistan — a common misconception is that the “prize” is somehow separate from ordinary tax obligations. It isn’t. How Prize Bond Winnings Are Taxed Winnings are subject to withholding tax at the time of encashment, deducted by the bank or National Savings Centre before you receive the balance. … Read more
Section 236C of the Income Tax Ordinance is the advance tax collected on the sale or transfer of immovable property in Pakistan — deducted by the registering or transferring authority at the time of transfer, not something you separately calculate and pay yourself. If you’re selling property, this is a cost you need to budget … Read more
Withholding tax is Pakistan’s mechanism for collecting tax at the source of a payment — whoever pays you (an employer, a bank, a telecom company, a property buyer) deducts a percentage before you receive the money and remits it directly to FBR. It covers dozens of transaction types, and the rates get revised almost every … Read more
Withholding tax on cash withdrawal is one of the most common ways non-filers actually feel the cost of not being on the Active Taxpayer List — every large cash withdrawal from a bank triggers a deduction, and it’s noticeably higher if you’re not a filer. How It Works Banks deduct advance tax under Section 231A … Read more
Registering a small business in Pakistan is simpler than most people expect, once you actually understand which of the several available paths applies to you. Step 1: Decide Your Business Structure Most small businesses start as a sole proprietorship — no SECP incorporation needed, just an NTN registration under your own CNIC. If you’re bringing … Read more
Whether you’re taxed on your worldwide income or only on your Pakistan-source income comes down to one test under the Income Tax Ordinance: how many days you spent physically present in Pakistan during the tax year. Overseas Pakistanis often assume their NICOP or overseas status automatically makes them a “non-resident” for tax purposes — it … Read more
FBR’s IRIS portal shows two different return forms for individuals — a salary return and a normal return — and picking the wrong one is one of the most common filing mistakes salaried taxpayers make. The choice isn’t optional or a matter of preference; it depends entirely on the composition of your income for the … Read more
