State Provident Fund Mark-Up Rate 2022-23: 14.22%

Finance Division Budget Wing letter No. F.8(1)GS-I/2018-1539 dated 7 July 2023 communicated the rate of mark-up on the State Provident Fund, i.e. General Provident Fund, for FY 2022-23. The notified rate was 14.22% per annum.

Key Details of the GPF Mark-Up / Profit Rate

• FY 2020-21: 7.90%.
• FY 2021-22: 12.40%.
• FY 2022-23: 14.22%.
• The letter was issued by the Finance Division Budget Wing to the Controller General of Accounts.
• The rates are annual mark-up rates for the State Provident Fund/General Provident Fund.

Which Provident Funds Are Covered?

The cited notification identifies the State Provident Fund (General Provident Fund). Where the separate Finance Division Resolution is cited, it expressly names the General Provident Fund and Contributory Provident Fund. The source documents state that any separate rate instructions for Ministry of Railways and Ministry of Defence funds would be issued by those Ministries.

Frequently Asked Questions

What was the State Provident Fund mark-up rate for FY 2022-23?

14.22% per annum.

What was the rate for FY 2021-22?

12.40% per annum.

What was the rate for FY 2020-21?

7.90% per annum.

Which authority issued the letter?

Finance Division, Budget Wing, Government of Pakistan, dated 7 July 2023.

Related EmployeesDesk Resources

GPF and CPF Profit Rate 2023-24 and GPF and CPF Profit Rate 2024-25

Official Finance Division Notifications

The 14.22% figure relates specifically to FY 2022-23 and is not the rate for later financial years.

• Finance Division letter dated 7 July 2023 (PDF)