Ban on Motorcar Advance for BPS-16 and Below Employees
As per the news, the federal Government has imposed a Ban on Motorcar Advance for BPS-16 and Below Employees. As per the routine, the Federal Government employees could take motorcar advance when they reached the basic pay of Rs. 35,000/- per month irrespective of their Basic Pay Scale. BPS-16 employees were also eligible for motorcar advance as per clarification. But as per the new rules, the employees of BPS-17 and above can only avail motor car advance. The details are as follows:
Applications for Interest Free Loan HBA, MCA and Cycle Advance KPK Employees 2024
Applications for Interest-Free Loan HBA, MCA, and Cycle Advance KPK Employees 2024 have been invited from the provincial Government employees. Khyber Pakhtunkhwa employees can get loans for House Building Advance, Motorcar Advance, Motorcycle Advance, and Bicycle Advance. They will have to pay no interest on this advance amount. The details are as follows:
Notification General Provident Fund (GP Fund) Rates 2023-24 Punjab
Government of the Punjab, Finance Department issued a Notification on 04-09-2024 in connection with Revised Rates of GP Fund Interest 2024 Punjab. These new rates are applicable on the amount available with effect from 1st July 2023 to 30th June 2024. The new rates are the same as the Federal Government of Pakistan notified.