Government EmployeesPay and AllowancesTeachers Corner

NOTIFICATION OF NEW GP FUND RATES 2019-20(RATES MARK-UP)

Gov. of Pakistan Finance Division has been issued notification on the 18.08.2020 in connection with the new GP fund interest rates 2019-20 (rates mark-up) for the Federal Govt. Employees. According to letter revised Rate mark-up on states Provident fund i.e. General Provident Fund for fiscal year 2019-20 are as under.

GP FUND INTEREST RATE 2019-20


S.No. — Fiscal Year — Rate Of Mark-Up

1 — 2017-2018 — 11.70%

2 — 2018-2019 — 14.35%

3 — 2019-2020 — 12.00%


SUMMARY OF The GENERAL PROVIDENT FUND MARK-UP RATES 2019/20

This year Govt. has reduced interest rate on GP Fund subscription amount. Govt. fixed 14.35% for previous year but it reduced to 12.00%. The Employees who will get the motorcar, HBA (Gazetted Employees) and motorcycles advance this year will have return interest at 12.00%. These rates will used for the calculation of motorcycle/motorcar/HBA advance interest amount for employees special thanks to Mr. Zahid Khan who send copy of notification on New GP Fund in Interest Rate for year 2019-20.

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1 – President’s Secretariat (public), Islamabad

2 – Prime Minister 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 Auditor General, Islamabad

8 – The AGPR, Islamabad

9 – All Federal Minister/Divisions

10 –The Finance Secretary, Govt. of Punjab, Sindh, KPK, Baluchistan, Gilgit Baltistan, Lahore, Karachi, Peshawar, Quetta, & Gilgit.

11 – The Federal Board of Revenue, Islamabad

12 – The Pakistan Mint, Lahore

13 – Director General,CDNS, Islamabad

14 – The Securities and Exchange Commission of Pakistan, Islamabad

15 – The Military Accountant General, Rawalpindi

16 – The Capital Development Authority, Islamabad

17 – The Sub Offices of AGPR, Lahore,Karachi,Peshawar,Quetta

18 – The Accountant General Punjab, Sindh, KPK, Baluchistan, Gilgit Baltistan, Lahore, Karachi, Peshawar, Quetta, & Gilgit.

19 – The Chief Account Officer M/O Foreign Affairs, Islamabad

20 – The Chief Finance and Accounts Officer, Pakistan Railways,Lahore

21 – The Secretariat Training Institute, Islamabad

22 – Others

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