The Finance Division of the Government of Pakistan has published a Notification on November 18, 2021, in relation to the Revised Rates of Profit GP Fund 2019-20 and 2020-21.
The interest rate on deposits and balances at the credit of subscribers to the General Provident Fund and similar other funds for the year 2019-2020 was determined by Finance Division’s Resolution No.F.2(1)-Reg. 7/2014-410 dated 24 August 2020 at 12% per year.
The rate of return on Provident Funds and subscriptions in effect during the financial year beginning July 1, 2020, has been set at 7.90 percent per annum. The following Provident Funds are involved.
Government Revised Rates of Profit GP Fund 2019-20 to 2020-21
- The General Provident Fund (G.P.F)
- The Contributory Provident Fund (C.P.F)
- Necessary instructions regarding the yearly profit rate applicable to the balances in the various Provident Funds under the Ministry of Railways and Ministry of Defence’s management for that year will be published separately.
- The resolution has been ordered to be published in the Pakistan Gazette.