Profit Rate Adjustment on General and Contributory Provident Funds for 2023-24 Announced By Federal Government-Notification

No.F.2 (1)-Reg.7/2014-314                                                                    Islamabad, the 01^st October, 2024

RESOLUTION

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 2022-23 was fixed under Finance Division’s Resolution No.F.2(1)-Reg.7/2014-223 dated 19th July, 2023 @ 14.22% 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, 2023 shall be 13.97% per annum. The Funds concerned are:-

• The General Provident Fund (G.P.F)
• The Contributory Provident Fund (C.P.F)
• Necessary instructions regarding the rate of profit applicable to the balances in the various Provident Funds under the control of Ministry of Railways and Ministry of Defence for the year in question will be issued separately by these Ministries.
• It has been ordered that the Resolution be published in the Gazette of Pakistan.

Section Officer (R-7)

The Manager,

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