KARACHI: The Finance Division has allowed third house building advance for the government employees in view of manifold increase in land and construction costs.
Finance Division is in receipt of a number of requests from a large number of segment of government employees for allowing third house building advance due to manifold increase in land and construction cost of a house.
The Finance Division had decided that third house building advance may be allowed to government servants, provided he/she has fully repaid the advances previously drawn from the government with interest thereof.
The budgetary allocations will be distributed for the 1st, 2nd and 3rd advances at the ratio of 70 percent, 20 percent and 10 percent respectively so that the right of those employees who have applied for the first and second advance may be protected.
All other conditions for grant of advance will continue to apply. [the_ad id=”31605″]