Jun 27

Pakistan-issued prize bonds expire on June 30, 2022

KARACHI: The prize bonds of various denominations issued by the government of Pakistan are expiring on June 30, 2022. So far no decision came from the finance ministry to extend the last date for exchanging bearer prize bonds. The federal government has already extended the last date for converting or exchanging the bearer prize bonds […]

by Faisal Shahnawaz

Last date June 30, 2022 to exchange prize bonds

Jun 20

Last date June 30, 2022 to exchange prize bonds

KARACHI: The bearer prize bonds of various denominations will not be exchangeable or convertible after June 30, 2022, which is the last date set by the government. The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The State Bank of Pakistan (SBP) issued […]

by Faisal Shahnawaz

Date extended for encashment of bearer prize bonds

Mar 30

Money & Banking, Top stories

Date extended for encashment of bearer prize bonds

KARACHI: The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The last date for encashment of the bearer prize bonds was March 31, 2022, the State Bank of Pakistan (SBP) said on Wednesday. Through a circular, the SBP announced the extension in last […]

by Faisal Shahnawaz

Last date March 31 for exchanging bearer prize bonds

Mar 30

Money & Banking, National

Last date March 31 for exchanging bearer prize bonds

KARACHI: The holders of bearer prize bonds can exchange or convert the securities with documented ways by March 31, 2022. Through a circular issued by the State Bank of Pakistan (SBP) on December 21, 2021 the date for exchanging the bearer prize bonds with denominations of Rs40,000, Rs25,000, Rs15,000 and Rs7,500 was extended up to […]

by Faisal Shahnawaz

FBR collects Rs11 bn income tax on prize bond winning

Dec 28

Taxation, Top stories

FBR collects Rs11 bn income tax on prize bond winning

ISLAMABAD: The Federal Board of Revenue (FBR) has collected around Rs11 billion as income tax on the amount paid from winning of prize bonds during fiscal year 2020/2021, according to official data released on Monday. The collection of income tax grew by only one per cent during the fiscal year 2020/2021 as compared with Rs10.89 […]

by Mrs. Anjum Shahnawaz

SBP directs banks to accept bearer prize bonds

Dec 21

Money & Banking

SBP directs banks to accept bearer prize bonds

KARACHI: State Bank of Pakistan (SBP) on Tuesday directed commercial banks to accept bearer prize bonds of high denomination till March 31, 2021. Through a circular, the SBP informed that Circular No. 1 dated April 30, 2021, and Circular No. 3 dated September 29, 2021, were issued wherein the last date for encashment/conversion/redemption of captioned […]

by Faisal Shahnawaz

Prize bond (bearer) holders given 3 months to document

Dec 20

Money & Banking, Top stories

Prize bond (bearer) holders given 3 months to document

ISLAMABAD: The holders of unregistered or bearer prize bonds have been given three months to exchange or covert with the documented ways otherwise the bills will have no worth after the deadline. Through different notifications, the Finance Division has notified extension to exchange or conversion of high denomination unregistered/bearer prize bonds up to March 31, […]

by Mrs. Anjum Shahnawaz

4th draw of Rs25,000 premium prize bonds announced

Dec 14

Money & Banking, National

4th draw of Rs25,000 premium prize bonds announced

Central Directorate of National Savings (CDNS) has held Fourth draw of Rs25,000 denomination prize bonds (premium or registered) and announced Rs30 million as first prize to the bond number (016253) and (067408). The prize bond draw was held at Quetta on December 10, 2021. Five bonds i.e. (038203), (171265), (551833), (655804) and (916353) have been awarded Rs10 million each […]

by Faisal Shahnawaz

19th draw of Rs40,000 premium prize bonds announced

Dec 13

Money & Banking, National

19th draw of Rs40,000 premium prize bonds announced

Central Directorate of National Savings (CDNS) has held 19th draw of Rs40,000 denomination prize bonds (premium or registered) and announced Rs80 million as first prize to the bond number (953829). The prize bond draw was held at Lahore on December 10, 2021. Three bonds i.e. (366951), (599135) and (629631) have been awarded Rs30 million each […]

by Faisal Shahnawaz

Prize Bonds (bearer) expire by this month

Dec 12

Money & Banking, National, Top stories

Prize Bonds (bearer) expire by this month

National prize bonds (bearer or unregistered) are expiring this month and the bills will become a useless piece of paper after December 31, 2021. The government has set a deadline of December 31, 2021, to withdraw bearer bonds with denominations of Rs7,500, Rs15,000, Rs25,000, and Rs40,000. READ MORE: History of Prize Bonds in Pakistan The […]

by Mrs. Anjum Shahnawaz