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.

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Notification KPK GP Fund Interest Rates (Mark-Up Rates) 2023-24

Government of Khyber Pakhtunkhwa, Finance Department issued a Notification on 04-09-2024 in connection with KPK GP Fund Interest Rates 2023-24. The KP Government also followed the Federal Government for issuing Mark-up Rates on the General Provident Fund (GP Fund) for the 2023-24 fiscal year. This Year Kp Government announced mark-up rates @ 13.97% while the previous year these rates were 14.22%. The federal Govt also issued the same rates. The details are as follows:

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Notification Contributory Pension Fund Scheme (CPFS) 2024 Federal for New Entrants

Government of Pakistan, Finance Department issued a Notification on 20-08-2024 in connection with Contributory Pension Fund Scheme 2024 Federal for New Entrants Govt Employees. The New Pension Scheme 2024 is a newcomer to the Federal Government. This Notification is not for Federal Government employees who are already working before 01-07-2024. This new CPFS 2024 is also for the Army personnel but it will take effect from 1st July 2025 for them. Government employees will share 10% of their basic pay while the Government will share 20% of the Basic Pay of the employees to the contributory fund. The details are as follows:

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