Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to urgently promulgate a balanced rent control act in the federal capital through an ordinance as the absence of such a law in Islamabad is creating problems for tenants including traders and giving rise to rent disputes.
 

Addressing a meeting of traders, Khalid Chaudhry, Senior Vice President, Islamabad Chamber of Commerce & Industry said that ICCI has since long been demanding for the promulgation of a new rent law in Islamabad to facilitate the tenants and landlords as the existing law is totally skewed in favor of landlords due to which the tenant traders always feel insecure. 
 

He said ICCI in consultation with stakeholders had prepared a consensus draft of a new rent law, which is lying in a Standing Committee of National Assembly for debate sing long. The former Law Minister Dr. Babar Awan had made some efforts for its enactment, but after that the whole process seems to have been dumped again.
 

He said during elections campaign, all parties had made promulgation of a new rent control act in Islamabad as part of their manifestoes, but now the MNAs of both political have adopted complete silence on this important matter, which is creating concerns in stakeholders.
 

Khalid Chaudhry stressed for urgent promulgation of new rent control act in Islamabad through an ordinance and appealed for putting in abeyance the present cases in courts for expulsion of traders till the promulgation of new law.