IHC seeks govt reply over withholding tax hike on goods transportation

• Petitioners term concessional treatment of oil tanker contractors ‘discriminatory’ • Argue distinction based merely on nature of goods being transported ISLAMABAD: The Islamabad High Court (IHC) has sought responses from the federal government, the Federal Board of Revenue (FBR) and other respondents on a petition challenging the increase in withholding tax (WHT) on goods transportation from 6pc to 7pc through the Finance Act, 2026. A division bench comprising Justices Khadim Hussain Soomro and Muhammad Asif also issued a notice to the attorney general for Pakistan (AGP) after the petitioners challenged the vires of relevant provisions of the Income Tax Ordinance, 2001. The court fixed…