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Employees’ Provident Fund Act No. 15 of 1958 to be amended
The Cabinet of Ministers approved the resolution submitted by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to take necessary measures to amend the Employees’ Provident Fund Act No. 15 of 1958 ordering that the minimum annual interest rate on the contribution within the next four (04) years (from 2023 -2026) should at least be 9%.