In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
Karachi, January 5, 2024 – The Pakistan government has experienced a significant dip of 7.67 percent in the investment in registered prize bonds, according to data released by the State Bank of Pakistan (SBP).
ISLAMABAD: The government has launched registered prize bonds of Rs25,000 denomination to discourage the informal economy and comply with laws related to anti-money laundering and counter financing of terrorism. Further, the decision to document the bearer prize bonds to comply with the conditions of Financial Action Task Force (FATF). The decision is part of documenting […]
KARACHI: The investment in premium prize bonds has surged by 228 percent to Rs19.21 billion by March 2020 as compared with Rs5.86 billion by the same month a year ago. According to latest data released by State Bank of Pakistan (SBP) the investment in registered prize bonds of Rs40,000 denomination had posted phenomenal growth following […]
KARACHI: The investment in registered prize bonds of Rs40,000 denomination have registered phenomenal increase of 213 percent following discontinuation of bearer instruments of same denominations, official data revealed. The investment in premium prize bonds surged to Rs18.37 billion by end of January 2020 as compared with Rs5.86 billion in the same month of the last […]