ANL 10.96 Decreased By ▼ -0.16 (-1.44%)
ASC 10.05 Increased By ▲ 0.07 (0.7%)
ASL 12.05 Increased By ▲ 0.20 (1.69%)
AVN 71.10 Decreased By ▼ -0.14 (-0.2%)
BOP 6.00 Increased By ▲ 0.05 (0.84%)
CNERGY 5.27 No Change ▼ 0.00 (0%)
FFL 7.15 Increased By ▲ 0.45 (6.72%)
FNEL 6.15 Increased By ▲ 0.05 (0.82%)
GGGL 11.75 Decreased By ▼ -0.11 (-0.93%)
GGL 15.85 Decreased By ▼ -0.07 (-0.44%)
GTECH 9.30 Decreased By ▼ -0.05 (-0.53%)
HUMNL 6.61 Increased By ▲ 0.05 (0.76%)
KEL 2.55 Decreased By ▼ -0.03 (-1.16%)
KOSM 3.06 No Change ▼ 0.00 (0%)
MLCF 28.60 Decreased By ▼ -0.10 (-0.35%)
PACE 2.98 Decreased By ▼ -0.01 (-0.33%)
PIBTL 6.04 Decreased By ▼ -0.05 (-0.82%)
PRL 15.66 Increased By ▲ 0.61 (4.05%)
PTC 7.30 Increased By ▲ 0.13 (1.81%)
SILK 1.31 Increased By ▲ 0.07 (5.65%)
SNGP 26.50 Increased By ▲ 0.35 (1.34%)
TELE 10.82 Decreased By ▼ -0.13 (-1.19%)
TPL 9.03 Decreased By ▼ -0.02 (-0.22%)
TPLP 15.85 Decreased By ▼ -0.07 (-0.44%)
TREET 29.90 No Change ▼ 0.00 (0%)
TRG 75.70 Decreased By ▼ -1.30 (-1.69%)
UNITY 22.42 Decreased By ▼ -0.03 (-0.13%)
WAVES 13.50 Increased By ▲ 0.55 (4.25%)
WTL 1.62 Increased By ▲ 0.07 (4.52%)
YOUW 5.02 Decreased By ▼ -0.02 (-0.4%)
BR100 4,281 Increased By 8.1 (0.19%)
BR30 14,910 Increased By 12.9 (0.09%)
KSE100 43,101 Increased By 117.3 (0.27%)
KSE30 16,367 Increased By 17 (0.1%)
Pakistan

ICCI hails IHC decision to annul 200 percent hike in property tax

  • He said that the business community of the federal capital was thankful to the IHC for providing them justice by annulling an unjustified move of MCI.
24 Dec, 2020

ISLAMABAD: Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry (ICCI) said that the business community on Thursday hailed the decision of the Islamabad High Court (IHC) to annual the 200 percent hike in the property tax by the Metropolitan Corporation Islamabad (MCI) which provided a significant relief.

He said that MCI had unilaterally increased the property tax ranging from 200 to 300 per cent in one go due to which the citizens and the business community of Islamabad were facing great problems.

He said that ICCI had challenged unjustified increase in property tax in the Islamabad High Court by filing a petition through Barrister Qasim Abbasi.

He said that the Islamabad High Court has now issued a decision setting aside the notification of MCI for 200-300 percent hike in property tax and ordered audit of the amount recovered by the CDA under this head, which was laudable as it would provide justice to all stakeholders.

He said that the business community of the federal capital was thankful to the IHC for providing them justice by annulling an unjustified move of MCI.

He vowed that the ICCI would continue to fight for protection of the genuine rights of the business community so that they could play more effective role in strengthening the economy.

Fatma Azim, Senior Vice President and Abdul Rehman Khan Vice President, ICCI also lauded the decision of the Islamabad High Court on property tax and said that the court has provided necessary justice to all stakeholders by setting aside the notification of MCI regarding unjustified increase in the property tax, which was highly laudable.

Comments

Comments are closed.