ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry led by its President Sheikh Amir Waheed called on Islamabad Capital Territory Chief Commissioner Zulfiqar Haider in his office and apprised him of the key issues of the business community that required his urgent attention.
Police IG Islamabad Muhammad Khalid Khattak was also present at the occasion. ICCI SVP Muhammad Naveed, VP Nisar Ahmed Mirza, M Ejaz Abbasi, Fatima Azeem, Ahsan Zafar Bakhtawari and others were in the delegation.
Speaking at the occasion, ICCI President Sheikh Amir Waheed highlighted the issue of the low value of stamp paper due to which property business was facing problems. He said the value of property in Islamabad was now assessed at FBR rate instead of old DC rate while the maximum value of stamp paper was Rs 24,000. He said that due to manifold hike in the value of the property at FBR rate, a large number of stamp papers were required to be used for registration of property which caused a lot of paper wastage and created hassles for the property business.
He stressed that the minimum value of stamp paper for property cases should be increased to Rs 100,000 or the method of the Punjab government should be adopted to minimise the problems of property business. He also emphasised that the condition of stamp paper for family transfer cases of property should be abolished which was transferred as a gift to family members. If it was not possible, then the previous practice of one-third value should be restored to provide relief to the family transfer cases.
Addressing the delegation, Zulfiqar Haider said that business community was playing an important role in promoting the economy and he would extend all possible cooperation to resolve its key issues.
