KARACHI: Federal government on Friday announced its decision of discontinuing the Rs. 40,000 national prize bonds.
State Bank of Pakistan (SBP) has said that it is set to terminate issuance of fresh bonds of Rs. 40,000 denomination from its offices, starting from February 15 (Friday).
However, the latest announcement regarding bonds will not affect the previously purchased or issued bonds.
Over the orders of the federal government, SBP has issued the instructions to Central Directorate of National Savings (CDNS) to stop the printing of Rs. 40,000 bonds.
It is noteworthy to state that the Rs. 40,000 bond is the highest value prize bond. There was Rs. 75 million first prize on the Rs. 40,000 denomination bonds.
