Prize bonds to not be redeemable after June 30

MG News | June 28, 2022 at 09:31 AM GMT+05:00

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June 28, 2022 (MLN): National Prize bonds of various denominations issued by the government will not be redeemable after June 30, 2022, as per the statement issued by National Savings.

The finance ministry has not yet made a decision to extend the deadline for exchanging prize bonds. The deadline for exchanging or converting bearer prize bonds has already been extended by the federal government to June 30, 2022.

The State Bank of Pakistan, on March 30, 2021, granted an extension in the deadline for encashment, conversion, and redemption of prize bonds of denominations of Rs40,000, Rs25,000, Rs15,000, and Rs7,500 till June 20, 2022.

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