Government of Pakistan, Finance Division issued a Notification on 17-11-2022 in connection with the Rate of Mark-up Chargeable on Advances and Dev Loans 2021-22 Federal. The details are as under:
Rate of Mark-up Chargeable on Advances and Dev Loans 2021-22 Federal
I am directed to state that the following rates of mark-up chargeable on the following categories have been fixed by the Federal Government:
- Cash development Loans to the Provincial Governments
- Loans to Local bodies, financial and non-financial institutions, and other corporations
- Capital outlays of the Federal Government in the commercial departments
Table of Final Rates of Interest
| Sr. No | Fiscal Year | Final rates of mark-up (Per Annum) |
| 1 | 2019-2020 | 12.20% |
| 2 | 2020-2021 | 10.30% |
| 3 | 2021-2022 | 11.20% |
In the case of loans and advances for the purchase of Conveyance and House Building, the final rate of markup i.e 11.20% per annum has been fixed for the financial year 2022-2022.
Finance Division also issued the Notification of Revised GP Fund Subscription Rates 2022 on 31-08-2022 for Federal Government employees.
Amount of Interest on Advances/Loans
The rates of interest for the following advances will also @ be 11.20% per year:
- House Building Advance
- Conveyance Advance
(i) Motorcar Advance
(ii) Motorcycle Advance
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