[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The Pakistani government has opted to introduce Rs1,000 prize bonds as part of the Digital Prize Bonds initiative. Initially, the focus will be on Rs1,000 prize bonds, with subsequent phases introducing denominations of 500, 1,000, 5,000, and 10,000.
The Rs1,000 digital bonds will offer a prize amount of Rs4 million each and will be issued in the form of electronic bonds. Reports suggest that the National Savings organization will issue these digital prize bonds to eliminate the need for paper-based processes.
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Prospective buyers will have access through the “Digital Prize Bond Gateway,” an online platform accessible via a dedicated application.
The draws for the Digital Prize Bond will take place quarterly, as determined by the Finance Division. National Savings will release the draw schedule at the beginning of each calendar year, and the results will be published in the official Gazette.[/vc_column_text][/vc_column][/vc_row]
