GOVERNMENT BANS SALE OF RS25,000 PRIZE BOND

ISLAMABAD: The government has banned sale of Rs25,000 denomination prize bonds with immediate effect, according to a notification issued to this effect.

Those owning Rs25,000 prize bonds have until May 31, 2021, to encash, redeem or get their bonds converte.

According to the notification, the bonds can be converted into premium prize bonds (registered) of Rs25,000 denomination through 16 field offices of the State Bank of Pakistan (SBP) Banking Services Corporations and branches of six commercial banks i.e. the National Bank of Pakistan, Habib Bank Limited, United Bank Limited, MCB Bank Limited, Allied Bank Limited and Bank Alfalah Limited.

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