Markup rate on GP fund of government employees fixed at 14.22%
The federal government has increased the rate of markup on GP Fund, according to the ongoing notification of the Ministry of Finance, the rate of markup on State Provident Fund (GP Fund) has been fixed at 14.22% for the financial year 2022-23. The rate was 12.40% in the financial year 2021-22 and 7.90% in the financial year 2020-21, the mark-up rate on GP fund of government employees will be 14.22% in the financial year 2022-23.