is 25000 prize bonds are banned in pk bonds - 200-wale-prize-bond-ki-list-2018 KARACHI Examining the Status of Rs. 25,000 Prize Bonds in Pakistan: A Comprehensive Review

200-prize-bond-list-september-2018 A significant concern for many individuals in Pakistan revolves around the status of financial instruments like prize bonds. Specifically, a common query is whether the Rs.SBP announces deadline for returning prize bonds 25,000 prize bonds are banned.A:The government has banned the Rs. 25,000and Rs. 40,000 prize bonds. Q: Why were these particular prize bonds banned? A: These prize bonds were suspected ... This article provides a detailed examination of this topic, drawing upon official notifications and reliable reports to offer clarity and address related questions.

The federal government has decided to discontinue Rs.SBP announces deadline for returning prize bonds 25,000 denomination prize bondsIssuance of PREMIUM Prize Bonds (Registered) through .... This decision, effective from December 10, 2020, marks a significant shift for holders of these particular bondsA:The government has banned the Rs. 25,000and Rs. 40,000 prize bonds. Q: Why were these particular prize bonds banned? A: These prize bonds were suspected .... Reports indicate that the sale of new National Prize Bonds of the Rs. 25,000 denomination has been halted with immediate effect. This means you can no longer buy new National Prize Bonds worth Rs.佛历2563年12月7日—The State Bank ofPakistan(SBP) has reportedly decided to discontinue the Rs.25,000 prize bonds, ARY News reported. 25,000.Which Prize Bond Ban in Pakistan

While the sale of these bonds has been stopped, the question of encashment and redemption is crucial for existing holders.佛历2565年11月2日—November 2, 2022 (MLN): The federal government has extended the last date for encashment of withdrawnprize bondsof Rs7500, 15,000,25,000, ... Initially, the State Bank of Pakistan (SBP) had set a deadline of May 31, 2021, for the encashment or redemption of the Rs. 25,000 denomination prize bondsGovt decides to ban sale of Rs. 25000 prize bonds with .... However, subsequent notifications have extended this deadline on multiple occasions. As of recent information, the last date for the encashment or conversion of withdrawn prize bonds, including the Rs. 25,000 denomination, has been extended to December 31, 202499.5% of discontinued prize bonds redeemed, 0.5% pending with .... These bonds can be encashed or exchanged at the State Bank of Pakistan, and other designated locations, often specified as commercial banks.

The decision to discontinue Rs.Premium Prize Bond 25,000 denomination prize bonds was reportedly made to address concerns raised, particularly by the Financial Action Task Force (FATF)Premium Prize Bonds (Registered) Scheme. Such measures are often implemented to enhance transparency and curb illicit financial activities. The government has banned the sale of these specific prize bonds, and while they are no longer available for purchase, provisions have been made for their redemption within the stipulated timelines.

It is important to distinguish these discontinued bonds from newer financial products佛历2563年12月7日—The State Bank ofPakistan(SBP) has reportedly decided to discontinue the Rs.25,000 prize bonds, ARY News reported.. For instance, the Premium Prize Bond (Registered) scheme operates separately. This scheme offers bonds in denominations such as 25,000 and 40,000, but these are registered in the investor's name and have different operational frameworks.25,000 denomination will not be sold with immediate effect and will not be encashed / redeemed after May 31, 2021. Cash payment for encashment of cited bonds ... The Premium Prize Bond is not a product of the State Bank of Pakistan but rather initiated by the Central Directorate of National Savings. These registered bonds may have different tax implications, with WHT (Withholding Tax) being applicable and generally exempted from Zakat.

For individuals holding the discontinued Rs. 25,000 prize bonds, it is imperative to be aware of the extended deadline for encashment. The fact that these prize bonds were suspected of being used for illicit purposes is often cited as a reason for their discontinuation. Therefore, understanding the process for redemption and ensuring timely action within the new deadline of December 31, 2024, is essential. Reports suggest that a significant majority of discontinued prize bonds have already been redeemed, with a small percentage still pending佛历2563年12月10日—The government has banned sale of Rs25,000 denomination prize bondswith immediate effect, according to a notification issued to this ....

In conclusion, the sale of Rs. 25,000 prize bonds in Pakistan has indeed been banned and discontinued. However, this does not render existing bonds valueless.Govt discontinues Rs25,000 bonds Holders have been provided with extended deadlines to encash or exchange their bonds. It is advisable to consult official sources from the State Bank of Pakistan or the National Savings directorate for the most up-to-date information regarding redemption procedures and deadlines to avoid any loss40,000, Rs.25,000, Rs. 15,000 and Rs. 7,500 till 31st December, 2024. Thesebondscan be encashed or exchanged at State Bank ofPakistan.... The distinction between the discontinued National Prize Bonds and the currently available Premium Prize Bonds is also important to note.