Government Has Launched Rs. 40,000 Bonds with the Prize Money of Rs. 80 Million
The Government of Pakistan has introduced the Premium Prize Bond of Rs 40,000 with the Prize Money of Rs. 80 Million. It is the Pakistan’s first ever registered Premium Prize Bond introduced by the Finance Minister Ishaq Dar in ceremony in Islamabad.
Previously there were unregistered bonds of Rs25,000 and Rs40,000 were obtainable in the market.
Finance Minister said that going on the way of progress speedily and this is the first ever register premium bond of Rs.40,000 with the prize money of Rs.80 million . The profit on the bond will be delivered to the bond holders after the six months.
He added that everyone including public and private companies can purchase the bond except banks and the buyers will receive printed receipt. Moreover there was no limit and period of the investment.
The prize bond money will automatically be transferred to the winners’ account and his/her name will not be published in the newspaper.
The one hundred thousand rupees bond will also be introduced soon.
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