IESCO Fails to Pay Rs. 1.5 Billion Property Tax
The Metropolitan Corporation Islamabad (MCI) has issued a final notice to the Islamabad Electric Supply Company (IESCO) for failing to … Read More The post IESCO Fails to Pay Rs. 1.5 Billion Property Tax appeared first on ProPakistani .
The Islamabad Electric Supply Company (IESCO) has been instructed to pay over Rs. 1.5 billion in outstanding property taxes by the Metropolitan Corporation Islamabad (MCI). This amount is owed to the MCI for IESCO properties and open spaces throughout Islamabad. The overdue taxes have been an issue despite repeated warnings from the civic authority.
The MCI has given IESCO a final chance to pay the due amount within the time limit specified in the final notice. Should IESCO fail to meet this deadline, the MCI has threatened additional measures to recover the outstanding dues. A representative from the MCI stated that multiple notices had been issued to IESCO in the past, but the company has not fulfilled its property tax obligations.
The deadline for IESCO to settle the Rs. 1.5 billion in unpaid property taxes is highlighted in the latest notice, which serves as the final opportunity for the power distribution company to resolve this financial matter before the MCI takes further action.
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