Prize Bond

Prize bonds are bearer kind of security in the form of different face values such as Rs200, Rs750, Rs1,500, Rs7,500, Rs15, 000 and Rs40,000.All these bonds are issued by GOVT of Pakistan in a series.Each Series uniquely consists of less than 1,000,000 bonds.Generally bonds are issued from GOVT to gain debt from people to smoothly run the financial system of country and a person who buys the bonds can return it to GOVT or agencies from where he/she bought it on its original face value. The term face value means the money paid for ownership of a prize bond. There are number of strategies, which are taken by GOVT to sale these bonds like there are brokers, agencies, local sellers and extra. Bonds can also be selling to person by person. There are no fixed returns to buyers of bonds but prize draws are held on quarterly basis. There is a whole separate system of drawing bonds working accordingly by rules and regulations set by GOVT of Pakistan. These draws are held under a common draw method and the number of prizes remains same throughout the entire series. It means that if 50 series of Rs200 prize bonds are in one draw session, then we have 50 winners of first prize and 50 winners of second prize and the entire draw continues like this. The GOVT of Pakistan started the National Prize bond Scheme in order to borrow money from public sector at marginally low rates and give them rewards in lucky draws. These lucky draws are held in major cities like Muzzafarabad, Lahore, Quetta, Peshawar, Karachi, Multan, Hyderabad, Faisalabad and Rawalpindi about twenty four times per year. Statistics said that around 70,000 people from Pakistan get almost 1.6 billion of prize money after tax deduction for their investments via bonds purchasing. GOVT of Pakistan earns billions via bonds selling by just giving prize money worth peanuts only. Every year GOVT uses (the people who won the draws) as testimonial approach for advertisement which boosts further investment by other people and this approach continues throughout the year and it will be going on for future too. According to experts, it is nearly impossible to predict even a single digit of a prize bond before any draw because there is no set pattern of earlier draws, so winning chance is equally distributed among the buyers of bonds. This is the reason behind why millions of people invest their money in prize bonds and winning rule is simple “you get you invest for”.
Our main aim is to provide prize bonds information, schedules of draws, buying and selling of prize bonds and all other information related to prize bonds on a single platform.