Notification of New GP Fund Interest Rates 2019-20 (Rates of Mark-Up)

Government of Pakistan, Finance Division has issued Notification on 18-08-2020 in connection with New GP Fund Interest Rates 2019-20 (Rates of Mark-Up) for the Federal Government Employees.  According to the letter the revised Rate of Mark-up on state Provident fund i.e. General Provident fund for the Fiscal year 2019-2020 are as under:

 

GP Fund Interest Rates 2019-20

 

I am directed to convey that the rate of mark-up on State Provident i.e. general provident Fund (GP Fund) for the fiscal year 2019-2020 is as under:-

Sr.No. Fiscal Year Rate of Mark-up
1. 2017-2018 11.70%
2. 2018-2019 14.35%
3. 2019-2020 12.00%

Summary of General Provident Fund Mark up Rates 2019-20

 

This year the Government has reduced the interest rates on the GP Fund subscription amount. The government fixed 14.35% for the previous year but now it reduced to 12.00%. The employees who will get motorcar, HBA (Gazetted employees), and motorcycle advance this year will have to return the interest @ 12.00%. These rates will be used for calculation of Motorcycle/Motorcar/HBA advance Interest amount for the employees. Special Thanks to Mr.Zahid Khan who send a copy of the notification of New GP Fund in interstate rate for the year 2019-2020.

 

  1. President’s Secretariat (Public), Islamabad.
  2. Prime Minister’s Office (Public), Islamabad.
  3. National Assembly Secretariat, Islamabad.
  4. The Senate Secretariat, Islamabad.
  5. The Election Commission of Pakistan, Islamabad.
  6. The Supreme Court of Pakistan, Islamabad.
  7. Auditor General of Pakistan, Office of the Auditor General, Islamabad.
  8. The AGPR, Islamabad.
  9. All Federal Ministries/Divisions.
  10. The Finance Secretary, Government of the Punjab/Sindh/Khyber Pakhtunkwa/Balochistan/Gilgit Baltistan, Lahore, Karachi, Peshawar, Quetta, and Gilgit.
  11. The Federal Board of Revenue, Islamabad.
  12. The Pakistan Mint. Lahore.
  13. Director-General, CDNS, Islamabad.
  14. The Securities & Exchange Commission of Pakistan, Islamabad.
  15. The Military Accountant General, Rawalpindi.
  16. The Capital Development Authority, Islamabad.
  17. The Sub-Offices of the AGPR, Lahore/Karachi/Peshawar/Quetta.
  18. The Accountant General Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit Baltistan / Lahore / Karachi/ Peshawar / Quetta.& Gilgit.
  19. The Chief Accounts Officer, M/o Foreign Affairs, Islamabad.
  20. The Chief Finance & Accounts Officer, Pakistan Railways, Lahore.
  21. The SecretaratTraining Institute, Islamabad.
  22. Others

 

Notification of New GP Fund Interest Rates 2019-20 (Rates of Mark-Up)

 

 

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