Business News

SBP bans sale of Rs40,000 Prize Bond

KARACHI, June 25 (WNP): State Bank of Pakistan (SBP) has banned the sale of old Rs40,000 Prize Bonds from Tuesday.

The expiry date for enchantments of these bonds is March 31, 2020 after that the bonds will become useless since they would no longer be included in draws.


The SBP has also directed banks to stop selling old and unregistered Rs.40,000 Prize Bonds.

According to State Bank, the bonds would be converted into Rs.40,000 Premium Prize Bonds and they can also be converted into saving certificates.


Leave a Reply

Your email address will not be published. Required fields are marked *