The finance minister has notified rates of mark-up chargeable on development loan and advances by the federal government for the fiscal year 2017-18.
A notification issued by Budget Wing of Finance Division stated that final rates of mark-up chargeable have been fixed by the federal government on; (i) cash development loans to the provincial governments; (ii) loans to local bodies, financial and non-financial institutions and other corporations; (iii) and capital outlays of the federal government in the commercial departments.
The federal government fixed final rate of mark-up on these categories for fiscal year 2015-16 at 7.37% per annum, 2016-17 at 6.54% per annum and for fiscal year 2017-18, final rate of mark-up is 6.62% per annum
In case of loans and advances for purchase of conveyance and house building, the final rate of mark-up has been fixed at 6.62% per annum for the fiscal year 2017-18.
Comments
Comments are closed.