ISLAMABA, SEPT 29 /DNA/ – President, Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood has reaffirmed that ICCI will continue to play an active advocacy role for the resolution of issues faced by the business community with relevant departments in order to promote ease of doing business in the federal capital. He said ICCI will continue to serve as the strong voice of traders and industrialists and will resist unilateral decisions that create hurdles for economic growth.
He expressed these views while addressing the inauguration ceremony of a new Cash and Carry in Naval Encourage as Chief Guest.
Highlighting ICCI’s recent achievements, he said that on a writ petition filed by ICCI, Justice Mohsin Akhtar Kiyani of Islamabad High Court set aside the CDA’s notification regarding irrational enhancement in property tax and ordered that the tax rates applicable in 2001 would remain in force. He added that ICCI is preparing to file further petitions in the High Court to safeguard the interests of the business community and residents of Islamabad, as most of their issues are linked with CDA.
He also referred to ICCI’s role in persuading the Federal Board of Revenue to withdraw its requirement in income tax returns for declaring Fair Market Value (FMV) and Current Market Value of immovable properties in addition to the declared transaction values. He noted that the reversal came after strong protest by the business community and direct intervention of the Prime Minister.
Earlier, President ICCI, along with Member National Assembly Malik Abrar Ahmed, Naib Ameer Jamaat-e-Islami, Senior Vice President Tahir Ayub, Vice President Mohammad Irfan Chaudhry, former ICCI Presidents Zubair Ahmed Malik, Zafar Bakhtawari, Mohammad Ejaz Abbasi, Mian Akram Farid, Khalid Iqbal Malik, and Executive Members Mian Shaukat Masood, Chaudhry Kaleemullah, Zulqarnain Abbasi, Aftab Gujjar, Raja Naveed Satti, Chairman PCC Ch. Muhmmad Tahir, Vice Chairman Zahir Iqbal Khan and others performed the ribbon-cutting.
