Manifold increase in MCI taxes perturbed business community


President, Islamabad Chamber of Commerce & Industry (ICCI) Muhammad Ahmed Waheed has said that Metropolitan Corporation Islamabad (MCI) has imposed new tax on many businesses and made manifold increase in trade license fee that have perturbed the local business community.
The President ICCI on Tuesday said that manifold increase in taxes would badly affect the growth of business activities and further enhance inflation for people. He appealed to the government high-ups to intervene and save the business community of the federal capital from unjustified measures of CDA and MCI.
He said that trade license fee was increased in budget and now has been increased once more after about six months, which was not justified.—INP

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