Last Updated on: 21st December 2024, 10:13 am
The government has rolled out a loan scheme for Pakistan Administrative Services (PAS) and Provincial Management Service (PMS) officers, offering loans at just 2% markup.
A special committee, led by Finance Secretary Mujahid Sherdil, will control the program’s operations.
Also Read: SBP’s New Initiative: Interest-Free Loans Now Available for Women
The scheme provides financial assistance tailored to officers’ grades:
- Grade 17 officers can borrow up to Rs. 5 million.
- Grade 18 officers are eligible for loans up to Rs. 15 million.
- Grades 19 and 20 officers can receive up to Rs. 20 million.
- Senior officers in Grades 21 and 22 can secure loans as high as Rs. 250 million.
Also Read: Govt Announced Tax Deductions For The Freelancers, IT Sector, And Bank Loans
Repayment is made easier with manageable installments, ensuring this facility remains accessible. This initiative will bring financial ease and convenience to officers at all levels of service.
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