GP Fund Profit/Interest Rate (2024-2025)

General Provident (GP) Fund Profit Rates

The General Provident Fund (GPF) is a compulsory saving scheme for government employees. A portion of the employee's salary is deducted monthly and credited to their GP Fund account, upon which the government pays an annual profit (markup).

Latest Rate (2024-2025)

For the fiscal year 2024-25, the Government of Pakistan has set the profit rate for both the General Provident Fund (GPF) and the Contributory Provident Fund (CPF) at 12.46% per annum.

• Effective Date: July 1, 2024

Historical Comparison

The new rate of 12.46% is a downward revision from the previous fiscal year (2023-2024), which was set at 13.97%. This decrease is in line with the broader reduction in policy rates and inflation targeting by the central bank.

Exceptions

While the Finance Division sets this standard rate for the vast majority of federal and provincial employees, specific instructions regarding provident funds managed by the Ministry of Railways and the Ministry of Defence are typically issued separately by those respective ministries.