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ICCI urges MCI to withdraw 300pc hike in property tax

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Staff Reporter

Islamabad

President, Islamabad Chamber of Commerce and Industry (ICCI) Muhammad Ahmed Waheed has said that business community is not against tax payment but MCI has increased property tax by 300% in one go, which has increased the difficulties of business class. Therefore, he urged that the current increase in property tax should be withdrawn and this tax should be gradually increased by taking the business community into confidence.
He expressed these views while talking to Mian Tariq Latif, DMA/Director Revenue of MCI during his visit to ICCI on Wednesday. Amir Ranjha, Deputy Director MCI was also present on the occasion.
Mohammad Ahmad Waheed said that encroachments in markets were not only created problems for business community, they were also distorting the beauty of markets.
He stressed encroachments from all markets should be removed by taking trade associations of concerned markets in confidence. He said that the increase in board tax fee should also be reviewed.
He said that a verbal agreement was reached between DMA and ICCI for a board tax @ of Rs. 60 per square foot, which should be implemented. Emphasized that sanitation arrangements in commercial and industrial areas should be further improved and MCI should intensify its efforts to address the issues highlighted by the business community.
Tahir Abbasi, Senior Vice President ICCI, Muhammad Aslam Khokhar, Usman Khalid, Zia Chaudhry, Asher Hafeez, Khalid Chaudhry, Malik Rabinwaz, Nisar Ahmad Langa and others also highlighted the issues of business community and offered proposals for their solution.

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