ISLAMABAD: The Finance Ministry has notified that the rate of markup on state provident fund, ie, general provident fund for the fiscal year 2022-2023 is 14.22 percent.

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The notification issued by the Finance Division stated that the rate of markup on state provident fund i.e. general provident (GP fund) for the fiscal year 2022-23 is 14.22 percent. The rate for 2020-21 was 7.90 percent and for 2021-22 it was 12.40 percent, the notification noted.

Copyright Business Recorder, 2023