Government of Pakistan, Finance Division (regulation Wing) has issued Notification No. F.8(2)-Reg.7/87-698 dated 09-01-2018 in connection with Revision Motor Car Advance, Motor Cycle Advance & Bicycle Advance 2018. Detail is as under:
The undersigned is directed to refer to Finance Division O.M dated 20-07-2012 on the above subject and to state that keeping in view the demand of Government employees, revision of pay scales and the prices of vehicles, the matter of present pay limit and amount fixed for advances have been reviewed. It has been decided to revise the pay limits for eligibility and the amount of advances for grant of Bicycle, Motorcycle and Motor Car Advance with effect from 01-01-2018 as under:
|S. No||Type of Advance||Existing Pay Limits||Existing amount of Advance||Revised Pay Limits||Revised amount of Advance|
|1||Bicycle Advance||On pay upto Rs. 7500/- PM||Rs.7,000/-||Upto Rs.15,000/-p.m.||Rs. 10,000|
|2||Motor-Cycle Advance||On pay of Rs.7,501/- p.m. to RS, 19,999/- p.m.||Rs.75,000/-||On pay of Rs.15,001/-p.m. to Rs. 34,999/-p.m.||Rs. 100,000/-|
|3||Motor Car Advance||On pay of Rs.20,000/- p.m. and above.||Rs.450,000/-||On pay of Rs.35,000/-p.m. p.m. and above.||Rs. 1,000,000/-|
2 It has also been decided that the names of officials who are already on the waiting lists for the above referred advances may not be deleted from the said lists. The other conditions on the subject will continue to be in force as before.