Government of Pakistan, Finance Division has issued a Notification on 18-11-2021 in connection with Revised Rates of Profit GP Fund 2019-20 and 2020-21 on General Provident Fund and similar other funds. The details are as under:

Revised Rates of Profit GP Fund 2019-20 and 2020-21

The rate of profit on deposits and on balances at the credit of the subscribers to the General Provident Fund and similar other Funds for the year 2019-2020 was fixed under Finance Division’s Resolution No.F.2(1)-Reg. 7/2014-410 dated 24° August 2020 @ 12.00% per annum. It has now been decided that the rate of profit applicable to the subscriptions and the balances in the various Provident Funds during the financial year beginning on the 1st July 2020 shall be 07.90% per annum. The Funds concerned are:-

• The General Provident Fund (G.P.F)

• The Contributory Provident Fund (C.P.F)

2. Necessary instructions regarding the rate of profit applicable to the balances in the various Provident Funds under the control of the Ministry of Railways and Ministry of Defence for the year in question will be issued separately by these

3. It has been ordered that the Resolution be published in the Gazette of Pakistan.

Copy also forwarded for information to:

1. President’s Secretariat (Public),
2. President’s Secretariat (Personal),
3. Prime Minister’s Office (Public),
4. Prime Minister’s Office (Internal),
5. National Assembly Secretariat,
6. Senate Secretariat,
7. The Election Commission of Pakistan,
8. The Supreme Court of Pakistan,
9. Federal Shariat Court,
10. Auditor General of Pakistan,
11. The AGPR, Islamabad/Lahore/Peshawar / Karachi/Quetta.
12. Pakistan Mint,

i3.       Federal Public Service Commission, Islamabad.

14. Capital Development Authority,
15. Cost Accounts Organization,
16. Military Accountant General,
17. Central Directorate of National Savings,
18. Chief Accounts Officer, M/O Foreign Affairs,
19. Financial Adviser and Chief Accounts Officer, Pakistan Railways,
20. All Financial Advisers/Deputy Financial Advisors attached to Ministries/Divisions etc ana all officers of Finance
21. Secretariat Training Institute,
22. Federal Tax Ombudsman’s Secretariat,
23. DG Post Offices,
24. Office of the Chief Commissioner, Islamabad
25. Secretary, Wafaqi Mohtasib (Ombudsman)’s Secretariat,
26. Pakistan Atomic Energy Commission,
27. The Finance Secretary, Government     of the Punjab/Sindh/Khyber Pakhtunkhwa/ Balochistan/Gilgit Baltistan, Lahore, Karachi, Peshawar, Quetta and
28. The Federal Board of Revenue,
29. Directorate General of Inspection & Training, Customs & Central Excise, 8th Floor, New Custom House,
30. Earthquake Reconstruction & Rehabilitation Authority (ERRA),
31. National Accountability Bureau,
32. Intelligence Bureau,
33. Member (Finance), KRL, P.O.Box.No.1384,
34. Controller General of Accounts,
35. Economic Adviser, Economic Adviser Wing, Finance Division, “S” Block, Pak.
36. Secretariat,
37. The WebMaster, Finance Division,

Special Thanks: Mr. Javed Ahmad Kamal

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