Government of the Punjab, Finance Department issued a Notification on 07-12-2023 in connection with Revised Rates of Financial Assistance 2023 Punjab Government Employees who die while in service. The family of such employees will get financial assistance as per the new enhanced rates 2023. As per the revised notification, the Employment under Rule 17-A will be discontinued. Before this one child or the widow got the job. But as per new rules, the lump sum payment amount, the department increased. The effective date of the new rules is 21st November 2023.
Funds & Financial Support
Demand of Proposals from the Insurance Companies for Retired and in Service Government Employees
Demand for Proposals for Group Insurance BPS-01 to BPS-22 from the Insurance Companies for Retired and Service Government Employees has been expressed. The Provincial Welfare Board Government of Punjab is accepting offers/proposals from insurance companies. The insurance companies can present their offers to the provincial welfare board for the 9 Lac group insurance for in-service and retired government employees.
Resolution Rate of Profit 2022-23 on Balances and Deposits GP Fund and Similar
Government of Pakistan Finance Division issued a Notification on 19-07-2023 in connection with the Resolution Rate of Profit 2022-23 on Balances and Deposits GP Fund and Similar. The details are as under:
New Rates of Mark-up on (General Provident Fund) GP Fund 2022-23 KP
Government of Khyber Pakhtunkhwa Finance Department issued a Notification on 13-07-2023 in connection with New Rates of Mark-up on GP Fund 2022-23 KP. The new rates on General Provident Fund Interest for 2023 KP are 14.22%. The details are as under:
Notification New Mark-up Rates of General Provident Fund (GP Fund) 2022-23
Finance Division issued a Notification on 07-07-2023 in connection with Revised New Mark-up Rates of General Provident Fund (GP Fund) 2023. These amended rates of GP Fund are effective from 1st July 2022 to 30th June 2023. These rates of interest on GP Fund are the highest rates in many years,
Contract for Group Insurance Premium for BPS-01 to BPS-22 Employees UET Lahore
The University of Engineering and Technology Lahore has invited quotations for a Contract for Group Insurance Premium for BPS-01 to BPS-20 Employees. The details are as under:
Procedure for Processing Claims under the Revised Assistance Package for the Families of Government Employees who Die in Service Period from 15-06-2013 to 09-02-2015
Pakistan Railways Headquarter Office Lahore issued a Notification on 11-05-2023 in connection with the Procedure for Processing Claims under the PM Revised Assistance Package for the Families of Government Employees who Die in Service Period from 15-06-2013 to 09-02-2015.