Pakistan to Soon Launch Digital Prize Bonds

In this era of technology when everything is going digital, Pakistan is also stepping towards digitalization. According to some latest reports, the Federal government is all set to launch Digital Prize Bonds in Pakistan. At first, the government will introduce one in the denomination of Rs1,000 with maximum prize money of Rs4 million.

As per the media reports, scripless bonds in the denominations of Rs500, Rs5,000, and Rs10,000 will be launched later on.

Pakistan to Soon Launch Digital Prize Bonds

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The maximum prize money for Rs500, Rs 5,000 and Rs10,000 will be Rs2 million, Rs20 million and Rs40 million respectively.

The Central Directorate of National Savings will issue digital bonds with their accessibility through the Digital Prize Bond Gateway. It will be an online platform accessible via mobile application or other approved digital financial channels.

The bonds purchased one month prior to the draw date will be eligible for prizes in the forthcoming draw of the respective denominations.

The CDNS will announce the draw schedule at the beginning of each calendar year. The results of these draws will be made public in the official Gazette.

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