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Government of Pakistan Finance Division (Regulations Wing) issued Office Memorandum bearing No.F.9(3)-Reg.6/2015 dated 20th August 2024 and introduced new pension system Contributory Pension Fund Scheme for civil employees of Federal Govt who are appointed on regular basis on or after 1st July 2024. The decision was made in the cabinet meeting in case No.ECC/134/2024 dated … Read more

General Provident Fund (GP Fund) Mark Up Rates (Interest Rates) 2023-24 Government of Pakistan, Finance Division (Budget Wing) has issued the Notification of General Providnet Fund Mark-Up Rates (Interest Rates) for the financial year 2023-24 for Federal Govt employees. The Government has decreased the rate of interest on GP Fund for the fiscal year 2023-24 as compare to previous year. In the previous year 2022-23, the interest rate was 4.22%. Subject:-  Rate of Mark-up on State Provident Fund … Read more

RULES AND CONDITIONS FOR THE ANNUAL INCREMENT Annual Increment is granted on 1st December of every year to a Government Employee whether he is regular or on contract basis.  RULES & CONDITIONS 1. The condition for the admissibility of annual increment is that at least 6 months period of servicemay be served in a particular. 2. The employee who entered into Govt. Service in a particular scale on or before 1st June is entitled to get the … Read more

RESTORATION OF FAMILY PENSION AND DOCUMENTS REQUIRED FOR RESTORATION OF FAMILY PENSION According to the Notification issued by the Government of Pakistan, Finance Division (Regulation Wing) vide No. No.F. 1(2)-Imp/94(i) dated 15th June, 1994, the following relief to the widows, dependents, retarded and incapacitated children and invalid pensioners shall be allowed w.e.f. 1st June, 1994: • Restoration of commuted value/gratuity … Read more

PENSION CALCULATOR 2024 FOR PAK ARMY ARMED FORCES PERSONNEL I am here sharing here the Pension and Commute Calculation Sheet 2024 for Pak Army and Armed Forces Pensioners. This pension calculator will be applicable with effect from 1st July 2024 and according to the notification issued by the Government of Pakistan Finance Division, it will be applicable for the pensioners who would retire on or after 1st July 2024. Information Required for … Read more

Pension Calculator 2024-25 for Government Employees I am sharing here the latest and updated Pension Calculator 2024-25 for Federal, Punjab, Sindh, KPK and Balochistan Government Employees. This pension calculator is effective w.e.f. 1st July 2024. There are many differences because each province may have a difference in the calculation of pension for the pensioners retired with effect from 01-07-2024. The … Read more

What is Commutation of Pension and Restoration of Commuted Portion of Pension A commutation of pension is defined as giving up part payable from retirement in exchange for an immediate lump sum amount. Age factors (usually calculated by Commutation Table) are used to determine the amount of pension which needs to be given up in order … Read more

Increase in Pension – How to Calculate 15% Increase in Pension of 2024 As you know, the Federal Govt, and All Provincial Governments have issued notification of Increase in Pension @ 15% w.e.f. 1st July 2024 which is admissible to all pensioners and family pensioners who retired prior to 1st July 2024. This increase in … Read more

ARMED FORCES PAY SCALE CHART WITH INCREASE IN SALARY ARA 2024 The Govt. of Pakistan Finance Division issued office memorandum for grant of adhoc relief allowance 2024 to all the federal govt employees as well as armed forces personnel, civil armed forces and civil employees of the Federal Government. The pay scales of armed forces … Read more