prize bond Archives - Pkrevenue.com

CDNS announces winners of Rs750 prize bond draw

July 16, 2025July 16, 2025Mrs. Anjum Shahnawaz

Islamabad, July 16, 2025 – The Central Directorate of National Savings (CDNS) has officially announced the results of the Rs750 prize bond draw, held on July 15, 2025, in Rawalpindi.

SBP Sets Deadline for Prize Bond Encashment

December 28, 2024December 28, 2024Faisal Shahnawaz

The State Bank of Pakistan (SBP) has reiterated its call to the public to encash, replace, or convert National Prize Bonds (NPBs) of denominations Rs 40,000, Rs 25,000, Rs 15,000, and Rs 7,500 before the final deadline of December 31, 2024.

Tax Rates on Prize Bond Winnings for 2024

January 3, 2024January 3, 2024Shahnawaz Akhter

Karachi, January 3, 2024 – As the New Year unfolds, the Federal Board of Revenue (FBR) in Pakistan has provided clarity on the tax rates applicable to prize bond winnings for the year 2024.

Pakistan Facilitates Conversion of Rs 5 Billion Worth Unregistered Prize Bonds

September 8, 2023September 8, 2023Shahnawaz Akhter

Karachi, September 8, 2023 – Pakistan has taken steps to facilitate its citizens in converting unregistered prize bonds worth approximately Rs 5 billion, with a deadline set for the end of June next year.

Pakistan Extends Redemption Deadline for Unregistered Prize Bonds

September 6, 2023September 6, 2023Faisal Shahnawaz

Karachi, September 6, 2023 – Pakistan has announced an extension of the last date for the redemption of unregistered prize bonds, according to a statement issued on Wednesday by the State Bank of Pakistan (SBP).

Bearer Prize Bonds of Rs40,000 not to be encashed after March 31

February 21, 2020May 2, 2021Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) has said that people can encashed Rs40,000 bearer prize bonds on or before March 31, 2020 and after that the financial instruments cannot be redeemed. The central bank issued frequently asked questions (FAQs) related to the withdrawal of Rs. 40,000/- National Prize Bonds (Bearer) from Circulation to facilitate general […]

Tax collected on prize bond winning to be final

October 21, 2019March 7, 2021Mrs. Anjum Shahnawaz

KARACHI: The withholding tax collected on winning of prize bond shall be final tax liability either it is collected from person appeared on Active Taxpayers List (ATL) or not. Sources in Federal Board of Revenue (FBR) said that the withholding tax collected on winning of prize bonds may not be adjusted against the total tax […]

Withholding tax rate on winning prize bonds

January 20, 2019November 5, 2023Mrs. Anjum Shahnawaz3 Comments

The Federal Board of Revenue (FBR) has revealed the withholding tax rate on prize bonds and winning for Tax Year 2019, as outlined in Section 156 of the Income Tax Ordinance, 2001.

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