The Islamabad Electric Supply Company (IESCO) has been directed to pay Rs1 billion in unpaid rent after an assessment found prolonged use of municipal properties in Rawalpindi without any rent agreement or payment.
According to a news report, the determination was made jointly by the District Rent Assessment Committee and the Rawalpindi Municipal Corporation, which concluded that IESCO has been occupying 11 municipal-owned commercial properties since January 1, 1961.
Following directions from the Rawalpindi administration, IESCO has been asked to clear the outstanding amount within 15 days.
The arrears were calculated from January 1961 to November 2025 at a rate of Rs2.5 per square foot, with a 10%annual increase applied over the period.
In a letter sent to the IESCO chief executive officer, Administrator MCR and Rawalpindi Commissioner instructed the power utility to deposit the assessed amount into the municipal fund within the stipulated timeframe.
The properties under IESCO’s use include offices, flats, and a petrol pump located across several areas of Rawalpindi, including Rehmanabad, Asghar Mall, Chandni Chowk, Satellite Town, Saidpur Road, Ganj Mandi, Ghazni Road, and Committee Chowk.
Chief Officer RMC said the corporation would proceed with recovery of the arrears and enter into a fresh rent agreement with IESCO to ensure regular monthly payments going forward. He added that the recovery process had begun under directives from the Punjab government and was being supervised by the Rawalpindi commissioner.