Online
Islamabad
The govt has launched premium prize bond worth Rs 40,000 with prize of Rs 80 million on draw and monthly profit. The profit will be given after every six months. The bonds will be available for individuals, public and private institutions while banks cannot purchase these bonds. Finance Minister (FM) Senator Ishaq Dar inaugurated the bond in a ceremony held here in state bank on Friday. Dar said bond will leave positive impact on national economy and it will afford a better chance to investors to bring improvement in their financial position. On investment of 40,000 in premium bond, Rs 80 million prize will be given on draw besides providing monthly profit. The registration of this bond has been started from Friday and everyone and company will be eligible to purchase these premier bonds except banks, he added.
The buyer of the bond will be provided a printed receipt on purchase of this bond, he added. No time frame has been set for making investment through this bond, he pointed out.
