Staff Reporter
Islamabad
President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Yasir Ilyas Khan has said that MCI had made 300 percent hike in property tax in one go, which was totally unjustified as there was no example of making such unprecedented increase in any tax in one go and called for its urgent withdrawal to save the business community and the citizens of Islamabad from its huge financial impact.
He said that instead of putting enormous burden on the business community by making a 300 percent increase in property tax, MCI should have increased this tax in a gradual manner, which would have saved the business community from unnecessary problems.
Sardar Yasir Ilyas Khan said that ICCI had obtained a stay order from the Islamabad High Court against this illogical step of MCI and the court had directed MCI to charge the property tax in accordance with the provision of assessment by issuing the amended bills on the basis of previous rates.
