KP government announces an interest-free loan scheme for government employees – Research Snipers

KP government announces an interest-free loan scheme for government employees

The provincial government of Khyber Pakhtunkhwa (KP) took a step in favour of government’s employees and approved the policy of giving an interest-free loan to the government servants.

According to the details, the loan can be taken by the employees of the provincial government in order to purchase a house, car, and motorcycle.

Read Also: How much interest on loans PTI-led government is paying daily?

It is to mention here that the employees of the government from Grade 1 to 17, having the minimum service period of five years to the maximum of 10 years, will be eligible to request the government for the interest-free loan.

Back in June, the Prime Minister of Pakistan Imran Khan had summoned the establishment division to mull over the matter of extending the limit of the age for retirement of the government employees.

Right now, the official age of retirement of the employees of the government is 60 years. As per the details, PTI-led federal government of KP is likely to increase the retirement age for the government employees by three years and the decision may be announced in the upcoming budget session.

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