Notification / OM No.
F.No.4 (8)/92-Policy
Dated:
23-October-2024
Notification Issued By:
Ministry Of Housing And Works, Government Of Pakistan
GOVERNMENT OF PAKISTAN
MINISTRY OF HOUSING AND WORKS.
ISLAMABAD
F.No.4 (8)/92-Policy Islamabad, the 23rd October, 2024
OFFICE MEMORANDUM
Subject: Enhancement of rental ceiling for hiring of privately owned rental accommodation
The undersigned is directed to refer to the subject cited above and to state that in terms of Schedule II, Rule 3(3), Serial No.14 of Rules of Business, 1973 Ministry of Housing and Works is entrusted with the task of provision of Government owned office and residential accommodation for officers and staff of the Federal Government; acquisition; requisitioning and hiring of residential accommodation. The hiring of residential accommodation was decentralized w.e.f. 01-07-2004 at six specified stations i.e. Islamabad, Rawalpindi, Lahore, Karachi, Quetta and Peshawar. However, it is for the Ministry of Housing and Works to revise rates of rental ceilings for hiring of residential accommodation in consultation with the Finance Division.
2. Recently the Estate Office, Islamabad has carried out market survey to assess rent of residential buildings at various localities of different cities and as per survey, the market rent has increased from 73% to 110% at six specified stations.
3. In terms of Rule 12(I) of Rules of Business, 1973inter alia provides that no Division shall without previous consultation with the Finance :Division authorizes the issue of any orders which will affect directly or indirectly the finances of the Federation.
4. In view of the above, draft Summary for the Cabinet (F/A) is enclosed herewith for views/comments of Finance Division, for further necessary action.
Section Officer (Policy/E-Ill)
The Secretary, Finance Division,
Government of Pakistan, Islamabad.