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

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


Islamabad: Sardar Yasir Ilyas Khan, President of the Islamabad Chamber of Commerce and Industry (ICCI), said that business people expressed appreciation for the decision of the Islamabad High Court (IHC) on Thursday, arguing that the Metropolitan Corporation’s increase in property tax by 200% each year provided a lot of money. Of relief.

He said that MCI unilaterally raised the real property tax by 200% to 300%, which caused serious problems for the citizens and business community in Islamabad.

He said that ICCI had filed a petition through the barrister Qasim Abbasi, questioning the unreasonable increase in property tax by the Islamabad High Court.

He said that the Islamabad High Court has now issued a decision to shelve MCI’s notice of raising property taxes by 200-300% and ordered an audit of the amount recovered by CDA under this project. This is commendable. Because it will provide a legal basis for justice. All stakeholders.

He said that the business community in the Federal Capital expressed gratitude to the IHC for providing justice to them by abolishing MCI.

He vowed that ICCI will continue to fight to protect the real rights of the business community so that they can play a more effective role in strengthening the economy.

ICCI senior vice presidents Fatma Azim and Abdul Rehman Khan vice presidents also praised the Islamabad High Court’s ruling on property taxes and said that the court had shelved MCI’s notice on unreasonable increases in property taxes and provided necessary justice to all stakeholders. Property tax, this is commendable.

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