Federal govt reduces GPF, CPF interest rate
Government has now decided that profit rate of 13.97 percent will be applicable
By Rana Ghulam Qadir
October 04, 2024
ISLAMABAD: The federal government has reduced the interest on General Provident Fund of government employees and other loans of the same origin.
According to a notification issued by the Finance Division, for 2022-23 the Finance Division had set the annual rate of profit at 14.22 percent.
The government has now decided that profit rate of 13.97 percent will be applicable. It is applicable to General Provident Fund (GPF) and Contributory Provident Fund (CPF).
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