Absence of rent control law causing major issues for local traders: ICCI

ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry led by its President Sheikh Amir Waheed visited G-10/4 Islamabad to congratulate the newly elected President Zafar Gujar, General Secretary Usman Khan and other office bearers of Traders Welfare Association (TWA).

Speaking at the occasion, Sheikh Amir Waheed said that the government should constitute a Reconciliation Committee under the control of ICCI to resolve rent disputes of traders.

He said the rising incidents of forced evictions of traders from shops have created concerns in the trading community and called upon the government to arrange early promulgation of the new Rent Control Act in Islamabad to curb such unfortunate incidents.

He said the absence of a law to control rent in Islamabad was the major cause of rising rent disputes and forced evictions of traders and emphasized that government should pay urgent attention to this serious issue.

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He said that an amended bill of a balanced Rent Restriction Law for Islamabad was pending in the National Assembly since long, and urged that the government should arrange its early passage into law from the parliament as a solution to this issue.

Senior Vice President Muhammad Naveed, Vice President ICCI Nisar Mirza, Chairman Founder Group Zubair Ahmed Malik, former SVP ICCI Khalid Chaudhry, said that in consultation with all stakeholders, an amended bill of Rent Control Act for Islamabad was prepared and presented a long time ago in the National Assembly.

However, no action has been taken so far to pass the said bill into law and delay in its enactment has been frustrating the trading community. They stressed that the government should get the bill passed through the Parliament without wasting further time.

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