Contents
General Provident Fund Rate Update for 2024-25 in Pakistan
Introduction
The General Provident Fund (GPF) in Pakistan is a crucial savings scheme for government employees, offering financial security with an attractive markup rate. On July 31, 2025, the Ministry of Finance released an official update on the GPF markup rates for the fiscal year 2024-25. This article provides a detailed overview based on the latest government notification, ensuring readers have access to accurate and authoritative information.
Key Highlights of the GPF Markup Rate
- The markup rate for the General Provident Fund has been revised for the fiscal year 2024-25.
- Rates are set to reflect economic conditions and provide benefits to employees.
- The update was issued by Muhammad Iqbal Khan, AAO (Borrowing), Ministry of Finance.
Markup Rates Over the Years
| Fiscal Year | Rate of Markup |
|---|---|
| 2022-2023 | 14.22% |
| 2023-2024 | 13.97% |
| 2024-2025 | 12.46% |
Importance of GPF for Government Employees
- Financial Security: GPF ensures a steady return on savings for retirement planning.
- Government Backing: Rates are determined by the Ministry of Finance, adding credibility (source: fbr.gov.pk).
- Inflation Adjustment: Periodic revisions help align returns with economic trends.
FAQs on GPF Markup Rate 2024-25
- What is the new GPF rate for 2024-25? The markup rate is 12.46% as per the latest notification.
- Who announced the rate? Muhammad Iqbal Khan, AAO (Borrowing), Ministry of Finance.
- How often are GPF rates updated? Rates are typically revised annually based on fiscal policies (source: finance.gov.pk).
- Is this rate applicable to all employees? Yes, it applies to all eligible government employees under the GPF scheme.
Conclusion
The reduction in the GPF markup rate to 12.46% for 2024-25 reflects the government’s strategy to balance economic stability and employee benefits. Staying informed about such updates is essential for effective financial planning. For the latest developments, refer to official sources like pbc.org.pk. This adjustment underscores the importance of provident funds in Pakistan’s economic framework, ensuring long-term security for public servants.
سرکاری ملازمین کے جی پی فنڈ پر گورنمنٹ نے منافع پچھلے سال کے ریٹ %13.97 سے کم کر کے%12.46 کر دیا ہے۔
