Prize Bond in Pakistan are State Bank-regulated lottery bonds, a non-interest bearing security issued by the government, which is refundable to the bearer of the bond on demand, and people buy these to try luck in quarterly draws.
People are now looking for the balloting of the Rs1,500 prize bond that is slated for next week.
Lahore Office of National Savings Division will hold balloting for Draw No. 96 of the Rs1500 prize bond on 15th November 2023.
|List||Number of Prize Bond||Winning Amount||Prize|
|1500 Prize Bond||01||Rs3000000||First Prize|
|1500 Prize Bond||03||Rs1000000||Second Prize|
|1500 Prize Bond||1696||Rs18,500||Third Prize|
Prize Bonds are a bearer type of investment and are available in the denominations of Rs. 100, Rs. 200, Rs. 750, Rs. 1500, Rs. 7500, Rs. 15,000, Rs. 25000, Rs. 40,000 and Rs. 40000 Premium Bonds
Pakistani government has decided to roll out Rs1,000 prize bonds under the Digital Prize Bonds initiative. In the first phase, Rs1,000 prize bonds will be introduced and denominations of 500, 1,000, 5,000, and 10,000 would be introduced in the next phase.
Draws of Digital Prize Bond will occur on a quarterly basis or as indicated by the Finance Division. National Savings will declare the draw schedule at the start of each calendar year, with the results published in the official Gazette.
Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.
On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
|UK Pound Sterling||GBP||359.4||360.05|
|Hong Kong Dollar||HKD||36.38||36.48|
|New Zealand Dollar||NZD||173.44||175.44|
The price of gold increased by thousands of rupees due to an upward trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.
Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.
Globally, gold prices hover at around $2072, gaining $32 on Sunday.
|Lahore||PKR 219,800||PKR 2,730|
|Karachi||PKR 219,800||PKR 2,730|
|Islamabad||PKR 219,800||PKR 2,730|
|Peshawar||PKR 219,800||PKR 2,730|
|Quetta||PKR 219,800||PKR 2,730|
|Sialkot||PKR 219,800||PKR 2,730|
|Attock||PKR 219,800||PKR 2,730|
|Gujranwala||PKR 219,800||PKR 2,730|
|Jehlum||PKR 219,800||PKR 2,730|
|Multan||PKR 219,800||PKR 2,730|
|Bahawalpur||PKR 219,800||PKR 2,730|
|Gujrat||PKR 219,800||PKR 2,730|
|Nawabshah||PKR 219,800||PKR 2,730|
|Chakwal||PKR 219,800||PKR 2,730|
|Hyderabad||PKR 219,800||PKR 2,730|
|Nowshehra||PKR 219,800||PKR 2,730|
|Sargodha||PKR 219,800||PKR 2,730|
|Faisalabad||PKR 219,800||PKR 2,730|
|Mirpur||PKR 219,800||PKR 2,730|