Rs 25000, 15000, 7500 prize bond may be discontinued soon

According to some reports, the Ministry of Finance recommended to discontinue Rs 25000, 15000, 7500 prize bond with immediate effect.

Rs 25000, 15000, 7500 prize bond may be soon become a past as the Ministry of Finance recommended their termination. According to sources, the Finance Division proposed that further sale of bearer National Bonds of different denominations should be discontinued from the office of State Bank of Pakistan (SBP) Banking Services Corporation, National Savings Centers, and commercial banks with immediate effect.

However, it maintained that the prize bonds draws for these three denominations should continue as per the draw schedule till further orders. The proposals were considered by the Economic Coordination Committee (ECC), which allowed the division to withdraw the Rs. 40,000 prize bonds with the said options for encashment by March 31, 2020.

However, no official announcement has been made as to what will become of the other prize bonds of Rs. 7500, Rs. 15,000, and Rs. 25,000.

Faizanullah Hussainy
Faizanullah Hussainyhttp://hamariweb.com/
Syed Faizanullah Hussainy is a senior content writer with writing expertise in different niches. He is an Electronics Engineer by qualification and loves to write about different topics. He has six years of writing experience and currently working as a content writer at hamariweb.com.

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