ISLAMABAD: The government has launched premium prize bond worth Rs 40,000 with prize of Rs 80 million on draw and monthly profit.
The profit will be given after every six months. The bonds will be available for individuals, public and private institutions while banks can not purchase these bonds. Finance Minister (FM) Senator Ishaq Dar inaugurated the bond in a ceremony held here in state bank on Friday Addressing the bond launching ceremony Dar said bond will leave positive impact on national economy and it will afford a better chance to investors to bring improvement in their financial position.Read more
Prize Bonds is gold investment and are bearer type of security available in the denominations of Rs.200, Rs.750, Rs.1,500, Rs.7,500, Rs.15,000,Rs.25000 and Rs.40,000. These bonds are issued in series. Each series consist of one less than 1,000,000 bonds. No fixed return is paid but prize draws are held on quarterly basis. The draws are held under common draw method and the number of prizes are same for each series. It means that if 50 series of Rs.200 Prize Bond are in circulation. -Read more
The National Savings Pakistan announced a `Student Welfare Bond', which will be available at office of National Saving Centers, Post offices and all scheduled banks. This was stated by Director General National Savings, Zafar Mehmood during a meeting with delegation of National Youth Assembly. He said, The purpose of introducing this Bond is to create the propensity of savings among youth;the 62 percent of the total populationRead more
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