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Investment in premium prize bonds of Rs40,000 and Rs25,000 rises 29%

Investment in premium prize bonds of Rs40,000 and Rs25,000 rises 29%
By
Investment in premium prize bonds of Rs40,000 increased to Rs21 billion by December 2020
The stock of bearer bonds of Rs40,000 was reduced to Rs1.8 billion by December 30, 2020
Government launched premium prize bonds of high denominations to encourage documentation of economy.
KARACHI: Since the government imposed a ban on unregistered prize bonds, the investment in registered or premium prize bonds has surged by 29% to Rs22.8 billion in the last year, according to the official data available with
The News.
The publication reported that the sale of premium prize bonds of Rs40,000 and Rs25,000 stood at Rs17.71 billion by the end of 2019. ....

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Rs40,000 premium prize bonds investment records 21% growth

Rs40,000 premium prize bonds investment records 21% growth
By
Thursday Dec 10, 2020
Total stock of bearer bonds of Rs40,000 denomination was reduced to Rs756 million by June 2020, but it again increased to Rs2.1 billion by the end of October 2020. Photo: File
KARACHI: Investment in premium Rs40,000 prize bonds has seen a growth of 21% to Rs20.54 billion by the end of October 2020, compared with Rs16.93 billion in the same period of the last fiscal year, reported
The News citing the Central Directorate of National Savings (CDNS) data.
The premium prize bonds were launched by the government close to three-and-a-half years ago in April 2017 to document the economy. The premium prize bonds are issued only against CNIC with valid bank accounts. ....

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