Traders resent hike in licence fee

Islamabad : Up to 300 per cent hike in trade license fee in Islamabad was reportedly being considered, however, traders of federal capital would never accept such exorbitant increase, therefore, CDA and MCI should refrain from making any increase in trade licence fee to save the local traders from further troubles.

This was observed by Tahir Abbasi, Acting President, Islamabad Chamber of Commerce & Industry while talking to a delegation of local traders during their visit to ICCI. He said that in recent past, MCI had increased property tax by 300 per cent and a stay order was issued by the Islamabad High Court against it. He said that increase in graveyard fee and signboard tax were also made, which were unjustified and stressed that CDA and MCI should revise hike in these charges.

Saif ur Rahman Khan, Vice President, Islamabad Chamber of Commerce & Industry said that MCI has enough funds, but no development work has been done in market for the last four years due to which the condition of infrastructure in markets has deteriorated. He said that the tussle between CDA and MCI was taking a toll on business community and the citizens.