Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the Capital Development Authority (CDA) Board’s decision not to increase property tax in the federal capital, calling it a business-friendly and balanced approach.
ICCI President Sardar Tahir Mehmood appreciated the CDA leadership under Chairman Sohail Ashraf, noting that instead of raising taxes on existing taxpayers, the authority has opted to broaden the tax base by addressing structural inefficiencies and improving revenue collection mechanisms.
He said the decision reflects a practical and growth-oriented policy direction that supports business activity while ensuring sustainable revenue generation.
Mehmood said increasing the tax burden on existing taxpayers could negatively impact business operations, while expanding the tax net would create a more equitable and long-term solution.
He also expressed confidence in the new CDA chairman, saying he would focus on resolving long-standing issues faced by traders in Islamabad’s markets and industrial areas.
The ICCI president stressed that business growth depends on improved infrastructure, streamlined processes, and supportive policies, adding that economic development and national stability are closely linked to a thriving private sector.
He further reaffirmed the business community’s commitment to working with the CDA to transform Islamabad into a competitive business hub through stronger collaboration between public institutions and private stakeholders.
Mehmood also announced that the chamber would soon invite the CDA chairman for an interactive session with business leaders to improve coordination and address key issues through dialogue.
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