Pakistani government lowers GPF/CPF interest rate from 14.22% to 13.97% for 2022-23 fiscal year.

The Pakistani government has lowered the interest rate on the General Provident Fund (GPF) and Contributory Provident Fund (CPF) from 14.22% to 13.97% for the 2022-23 fiscal year. This decision, announced by the Finance Division, reflects adjustments in government loan rates. In contrast, India's Ministry of Finance confirmed that the GPF interest rate will remain stable at 7.1% for the October-December 2024 quarter, affecting various provident fund schemes for government employees.

October 04, 2024
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