ISLAMABAD-Islamabad Chamber of Commerce and Business (ICCI) on Saturday mentioned that the promulgation of a balanced lease management act in Islamabad was the dire want of the hour because it was a protracted standing demand of merchants.

Sardar Yasir Ilyas Khan, president (ICCI), whereas speaking to businessmen, mentioned that the promulgation of a balanced lease management act in Islamabad was the dire want of the hour. He mentioned that the absence of a lease regulation was not solely giving rise to lease disputes between the tenants and landlords, nevertheless it additionally affected the enterprise actions as nicely. Subsequently, he demanded {that a} balanced lease regulation needs to be promulgated which ought to defend the real rights of the landlords and the tenants.

He additional mentioned that an amended invoice of lease management act was handed by the Standing Committee of the Nationwide Meeting and emphasised that the Nationwide Meeting ought to move it as quickly as potential whereas the Chamber would prolong full cooperation on this regard.

Sardar Yasir Ilyas Khan visited Sitara Market, G-7 Markaz Islamabad and congratulated Syed Altaf Hussain Shah, president, Rana Akram, secretary basic and different newly elected workplace bearers of the Merchants Welfare Affiliation of the market on attaining landslide victory within the elections. Chairman Founder Group Mian Akram Farid, Vice President ICCI Abdul Rehman Khan, Zubair Ahmad Malik, Muhammad Ejaz Abbasi, Mian Shaukat Masood, Ajmal Baloch, Khalid Chaudhry, Naveed Malik, Sheikh Abdul Waheed, Fahim Khan, Akhunzada Naeem Khan, Chaudhry Ashraf Farzand, Rana Qaiser, Malik Afzal and others have been within the delegation.

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Expressing his views, Founder Group Chairman Mian Akram Farid and Vice President ICCI Abdul Rehman Khan mentioned that no improvement work has been finished in any market of Islamabad for the final 4 years on account of which the issues of merchants have been growing. Nonetheless, they reiterated that the incumbent management of ICCI would do its utmost with CDA and MCI to resolve these points.

The newly elected president of Merchants Welfare Affiliation Syed Altaf Hussain Shah and secretary basic Rana Akram talking on the event mentioned that merchants have been dealing with monetary difficulties on account of Covid-19 pandemic and lockdowns for the final seven months and so they wanted reduction measures from the federal government. They mentioned that some steps of FBR, CDA and MCI have been including to the issues of merchants and mentioned that ICCI ought to play its position in resolving such points by dialogue with these establishments.