{"id":58193,"date":"2019-12-02T09:49:00","date_gmt":"2019-12-02T04:49:00","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58193"},"modified":"2019-12-02T15:28:39","modified_gmt":"2019-12-02T10:28:39","slug":"local-traders-urge-govt-to-pass-rent-control-act","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/local-traders-urge-govt-to-pass-rent-control-act.html","title":{"rendered":"ICCI urges govt to pass rent control act"},"content":{"rendered":"<p>Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI)\u00a0has decided to request the parliament to pass the rent control act \u2014 a news source reported. The decision was taking in a meeting held on Wednesday. As per the publication, the meeting in question featured a sizable number of local traders, and was chaired by ICCI Acting President Tahir Abbasi.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rental-income-new-brackets-introduced-taxes-raised-to-35.html\" target=\"_blank\" rel=\"noopener noreferrer\">Rental Income: New brackets introduced, taxes raised to 35%<\/a><\/p>\n<p>Speaking on the occasion, Abbasi said that the traders had been demanding a balanced rent control act for the last 30 years in Islamabad. This act has to do with ensuring that both tenants and owners have equal rights, which are protected by the state.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-seeks-record-of-rental-properties-to-curb-tax-evasion.html\">Govt seeks record of rental properties to curb tax evasion<\/a><\/p>\n<p>He further revealed that the Federal Minister for Planning and Development Asad Umar had earlier presented an amended bill for the rent control law in the national assembly, which had later been passed by the relevant standing committee as well. The ICCI president now felt that it was time for the law to be sanctioned by the parliament, in order to meet the long overdue demands of the local traders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI)\u00a0has decided to request the parliament to pass the rent control act \u2014 a news source reported. The decision was taking in a meeting held on Wednesday. As per the publication, the meeting in question featured a sizable number of local traders, and was chaired by ICCI Acting President Tahir Abbasi. Read:\u00a0Rental Income: New brackets introduced, taxes raised to 35% Speaking on the occasion, Abbasi said that the traders had been demanding a balanced rent control act for the last 30 years in Islamabad. This act has to do with ensuring that both tenants and owners have equal rights, which are protected by the state. Read:\u00a0Govt seeks record of rental properties to curb tax evasion He further revealed that the Federal Minister for Planning and Development Asad Umar had earlier presented an amended bill for the rent control law in the national assembly, which had later been passed by the relevant standing committee as well. The ICCI president now felt that it was time for the law to be sanctioned by the parliament, in order to meet the long overdue demands of the local traders.<\/p>\n","protected":false},"author":68,"featured_media":41097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14223],"persona":[],"class_list":{"0":"post-58193","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-local-traders-urge-govt-to-pass-rent-control-act"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICCI urges govt to pass rent control act - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI)\u00a0has decided to request the parliament to pass the rent control act \u2014 a news source\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/local-traders-urge-govt-to-pass-rent-control-act.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICCI urges govt to pass rent control act - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI)\u00a0has decided to request the parliament to pass the rent control act \u2014 a news source\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/local-traders-urge-govt-to-pass-rent-control-act.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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