Home » Finance Ministry Reduces Provident Fund Markup Rate for Government Employees

Finance Ministry Reduces Provident Fund Markup Rate for Government Employees

by Hamza Irshad
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bloompakistan.com

Islamabad, Sep 3: The rate of markup on the state provident fund, also known as the general provident fund, for the fiscal year 2023–2024 is 13.97 percent, according to notification from the Finance Ministry.

The rate of markup on the state provident fund, also known as the general provident fund (GP fund), for the fiscal year 2023–24 is 13.9722 percent, according to a notification released by the Finance Division.

The announcement said that the rate for 2021–2022 was 12.40 percent, and for 2022–2023 it was 14.22 percent.

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