ISLAMABAD – The government has launched first ever registered Premium Prize Bond. Finance Minister Ishaq Dar inaugurated the bond at a ceremony in Islamabad today (Friday).
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Speaking on the occasion, the minister said Pakistan is treading on the path of progress at a fast pace. He said that this premium bond worth Rs.40,000 carries a first prize of Rs.80 million.
He said a bond of one hundred thousand rupees will also be launched soon.
Ishaq Dar said bonds will be available for individuals as well as public and private companies. However, he added, banks cannot buy it.
He said the bond prize will be directly transferred to the account of the winner instead of his or her name being published in the newspaper.
Ishaq Dar said with comprehensive reforms in the economy, the government is fulfilling its promises to the people.
He said the country`s economic progress is being internationally acclaimed and all economic indicators are showing an upward trend. International economic experts see Pakistan among the top twenty economies of the world by 2030.
He said Pakistan will soon sign a bilateral treaty with Switzerland for Bank Information Sharing to detect tax evaders. – APP