Rate of Mark-Up Chargeable on Loans and Advances

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Last Updated on November 4, 2021 by Ilmilog Guru

The government of Punjab has issued notification regarding the Rate of Mark-Up Chargeable on Loans and Advances. So, the finance department Punjab has issued this notification FD (L)1 -250/81-82 (Part-I) on 29-10-2021.

However, the secretary Punjab finance department Lahore has submitted to 9 concerned offices. Before that, the Federal government has issued the same notification

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on 13 October 2021.

Rate of Mark-Up Chargeable on Loans and Advances

In addition, the Punjab government has referred to previous letters issued on January 01, 2021. So, it has been decided that the final mark-up chargeable on house building advances has been changed. Therefore, the government servants take advances and loans for different tasks at home.

Similarly, the government has changed this rate to 10.30% for the financial year 2020-21.

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Rate of Mark-Up Chargeable

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