KP govt employees to receive interest-free loans

The Khyber Pakhtunkhwa (KP) government has decided to provide the government employees with interest-free loans, a private media outlet reported on Tuesday.

As per details, the loan can be acquired by a government employee for purchasing of a house, car or motorcycle.

The government employees from Grade 1 to 17, having a minimum service period of five years and a maximum of 10 years, will be eligible to apply for the loan.

In June, Prime Minister Imran Khan had summoned the Establishment Division to mull over the matter of extending the retirement age of government employees.