The Rawalpindi Municipal Corporation (RMC) has declared the Islamabad Electric Supply Company (IESCO) a major rent defaulter, claiming the utility company owes around Rs. 1 billion in unpaid rent. According to officials, IESCO has been using 11 commercial properties owned by the municipal corporation for decades without paying rent.
Authorities say the properties have remained under IESCO’s use since January 1961. Despite occupying these buildings for nearly 65 years, no formal rent agreement was ever signed, and no regular payments were made during this period. The issue came to light after a detailed review of municipal records and property usage.
A joint rent assessment committee was formed to calculate the total dues. After reviewing the case, the committee assessed outstanding rent from 1961 up to November 2025. Based on this assessment, RMC formally issued a notice to IESCO, directing the company to clear the dues within 15 days.
The properties in question include office buildings, residential flats, and even a petrol pump located in different areas of Rawalpindi. Municipal officials say these assets could have generated significant revenue for the city if rent had been paid on time.
RMC has also announced that a fresh rent agreement will be signed with IESCO to prevent similar issues in the future. This agreement will clearly define rent terms and payment schedules.
Recovery proceedings have already started under the supervision of the Rawalpindi commissioner. Officials stressed that public institutions must follow the law and fulfill their financial obligations, as unpaid dues ultimately affect public services and city development.
