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Tuesday March 19, 2024

‘Amended Rent Control Act soon’

By Saeed Ahmed
December 12, 2017

Islamabad : Federal Minister for Commerce Muhammad Pervaiz Malik said that the government would pass the amended bill of rent control act for Islamabad into the law during its current tenure to resolve this long standing issue of the traders of federal capital.

He said that government was fully cognisant of the problems being faced by the local traders due to absence of rent control law and assured that the parliament would soon pass its draft bill into law to promulgate a balanced rent control law in Islamabad. He said this while addressing the business community at a dinner hosted by Sheikh Jamshed, president, Capital Traders Wing of PML(N).

Pervaiz Malik assured that FBR related issues of business community would also be addressed to facilitate the growth of business activities. He acknowledged that the country's exports have witnessed some decline, but reaffirmed that government was working on many initiatives to turn around the falling exports and further enhance them.

Mian Abdul Manan, MNA said that he has discussed the issue of rent control act with Barrister Zafarullah Khan, Special Assistant to the Prime Minister on Law and he has assured to present its bill in the next session of the National Assembly. He hoped that the bill would soon be passed into law that would help in redress of problems of traders and facilitate growth of business activities.