Zafar Ali Shah urges for promulgation of new rent control law in Islamabad

Islamabad, January 26, 2018 (PPI-OT):The senior central leader of Pakistan Muslim League (N) and former Senator Syed Zafar Ali Shah has called upon the Prime Minister of Pakistan Shahid Khaqan Abbasi to take measures for the passage of amended bill of new rent control law for Islamabad from the parliament during the current tenure of his government in order to resolve the long-standing issue of the traders of federal capital. He said this while exchanging views with Muhammad Naveed, Senior Vice President, Islamabad Chamber of Commerce and Industry during his visit to Chamber House.

Syed Zafar Ali Shah said that traders of Islamabad have been demanding since long for new rent law but long delay in its enactment had forced them to launch protests as they were feeling insecure in the absence of rent control act in the federal capital. He stressed that the current government should arrange the passage of amended bill of rent law from the parliament and enforce it in its current tenure so that traders of Islamabad could take a sigh of relief. He said for promoting business activities, traders needed peaceful environment and security of business and added that the promulgation of new rent law would help in realizing these objective.

Speaking at the occasion, Muhammad Naveed, Senior Vice President, Islamabad Chamber of Commerce and Industry said that in consultation with all the stakeholders, an amended bill of rent control act for Islamabad was prepared that was presented 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 was creating frustrations in the trading community.

He said due to inaction of the government on the new rent law, traders of the federal capital had started protests, but on the assurance of Prime Minister for resolving the issue, they had postponed their protests. However, no tangible progress has been made as yet to pass the amended bill into new rent law. He stressed that government should pass the bill without wasting further time so that traders could promote business activities with a sense of security and peace of mind. He also thanked Syed Zafar Ali Shah for lending support to this important cause of the trading community.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950
Email: icci@brain.net.pk