The federal government has fixed the rate of markup chargeable on development loans and advances for the fiscal year 2021-22.
According to a notification issued by the Finance Division, the final 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.
| Fiscal Year | Final Rates of Markup (Per Annum) |
| 2019-20 | 12.20% |
| 2020-21 | 10.30% |
| 2021-22 | 11.20% |
The notification further stated that in the case of loans and advances for the purchase of conveyance and house building, the final rate of markup, i.e. 11.20 percent per annum, has been fixed for the fiscal year 2021-22.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
