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Rs7,500 denomination prize bonds withdrawn - Newspaper

Bond holders have three options to replace or encash these bonds. ....

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Govt stops selling prize bonds of Rs7,500, Rs15,000

Govt stops selling prize bonds of Rs7,500, Rs15,000
Top Story
April 30, 2021
ISLAMABAD: In order to comply with the Financial Action Task Force (FATF) conditions, the government has stopped selling bearer prize bonds of Rs7,500 and Rs15,000 with immediate effect.
Pakistan had to comply with the FATF requirements and one of the conditions was to stop selling bearer prize bonds. The FATF wants documentation of the economy, so it placed the requirement of selling registered prize bonds of Rs25,000 and Rs40,000. In a notification issued here by the Ministry of Finance on Thursday, in terms of sub rule 1 of rule 4 of National Prize Bonds Rules 1999, the Finance Division with the approval of Minister In Charge, is pleased to withdraw Rs7,500 denominated National Prize Bond from circulation with immediate effect. In another notification, the government has also withdrawn Rs15,000 denominated prize bonds as well. Earlier, the government had stopped selling Rs25,000 and R ....

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Rs15,000, Rs7,500 prize bond to be discontinued: notification

Rs15,000, Rs7,500 prize bond to be discontinued: notification
By
A picture of various government issued prize bonds. Photo: File
Notification says government will no longer hold draws for the Rs 7,500 and Rs 15,000 bond.
Notification says Rs15,000 bonds will no longer be cashable after June 30
Notification says Rs7,500 bonds can only be encashed till December 31.
The government on Thursday announced that it will be discontinuing the use of Rs15,000 and Rs7,500 bonds, according to a notification issued by the federal government.
The notification stated that the government will no longer hold draws for the two bonds.
The government said that Rs 15,000 bonds will no longer be cashable after June 30 and the Rs7,500 bonds can only be encashed till December 31. ....

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Govt announces discontinuation of Rs15,000 and Rs7,500 bonds

Govt announces discontinuation of Rs15,000 and Rs7,500 bonds
Business
Thu, Apr 29, 2021
A notification issued by the federal government on Thursday showed that the Rs15,000 and Rs7,500 bonds will be discontinued.
The notification stated that the government will no longer hold draws for the two bonds.
The government said that Rs 15,000 bonds will no longer be cashable after June 30 and the Rs7,500 bonds can only be encashed till December 31.
The notification stated that people who do not wish to cash the bonds can pay an additional amount and convert them into Rs25,000 and Rs40,000 bonds. It also stated that the users can convert those bonds into special savings and defence saving certificates. ....

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Govt decides to discontinue Rs15,000, Rs7,500 bonds

Govt decides to discontinue Rs15,000, Rs7,500 bonds
Published On
Investors have time till December 2021 to redeem Rs 7,500 bonds.
KARACHI (Dunya News) – Fulfilling yet another condition of the Financial Action Task Force (FATF), the government has decided to discontinue the prize bond valuing Rs 15,000 and Rs 7,500 for banking and financial operations across the country from June 2021 and December 2021 respectively.
The federal government has decided to discontinue Rs 15,000 and Rs 7,500 bonds and the investors have time till June 2021 to redeem Rs 15,000 bonds.
According to the circular, National Prize Bonds of Rs 15,000 denomination will not be encashed or redeemed considered a piece of paper from July 1. ....

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