Search

ad

Rs25,000 prize bond discontinued in Pakistan

04:39 PM | 10 Dec, 2020
Rs25,000 prize bond discontinued in Pakistan

ISLAMABAD – The federal government has discontinued Rs25,000 prize bonds, said a notification issued by the Finance Division on Thursday.

The discontinuation was reportedly made in line with the action plan given by the Financial Action Task Force to curb money laundering and terror financing.

The investors can covert or cash their Rs25,000 prize bonds by May 31, 2021. After the deadline, people will not be able to redeem the prize bond.

The finance division said that the bonds can be converted to Premium Prize Bonds, Special Saving Certificates, Defence Saving Certificates or encashed at face value.

The investors can convert their bonds to certificates through 16 field offices of the State Bank of Pakistan (SBP) or at branches of six authorised banks.

Advertisement

Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter