A notification of Rate of Mark-up Chargeable on Advances and Dev Loans 2021-22 Federal has been issued by the Government of Pakistan, Finance Division on 17-11-2022.Further detail of said notification in same is as under;
Rate of Mark-up Chargeable on Advances and Dev Loans 2021-22 Federal
I am directed to state that the following rates of mark-up chargeable on the following categories have been fixed by the Federal Government:
- Cash development Loans to the Provincial Governments
- Loans to Local bodies, financial and non-financial institutions, and other corporations
- Capital outlays of the Federal Government in the commercial departments
Final Rates of Interest
Sr. No | Fiscal Year | Final rates of mark-up (Per Annum) |
1 | 2019-2020 | 12.20% |
2 | 2020-2021 | 10.30% |
3 | 2021-2022 | 11.20% |
In the case of loans and advances for the purchase of Conveyance and House Building, the final rate of markup i.e 11.20% per annum has been fixed for the financial year 2022-2022.