Government of Pakistan, Finance Division has issued Notification on 30-01-2019 in connection with Third House Building Advance. Detail is as under:
Third House Building Advance
The undersigned is directed to refer to the above noted subject and to state that Finance Division is in receipt of a number of requests from a large segment of Government employees for following third House Building Advance due to manifold increase in land and construction cost of a house, It has, therefore been decided that:-
- Third House Building Advance may be allowed to Government servants, provided he has fully repaid the advances previously drawn from the Government with interest thereof, if any.
- All other conditions for grant of HBA will continue to apply.
- The budgetary allocations shall be distributed for the 1st, 2nd and 3rd advances at the ratio of 70% 20% and 10% respectively so that the right of those employees who have applied for the first/second advance may protected.
Special thanks to Mr. Zahid Khan for sending the copy of the Notification of Third House Building Advance.