is 25000 prize bonds are banned in pk Prize Bond is - card-rummy-sign-up KARACHI Examining the Status of Rs. 25,000 Prize Bonds in Pakistan: A Comprehensive Review

25000-bond-first-prize A significant concern for many individuals in Pakistan revolves around the status of financial instruments like prize bonds佛历2563年12月10日—Notification says the sale of NationalPrize Bondsof Rs25,000 has also been stopped immediately · New registeredprize bond· Uber enters seven .... Specifically, a common query is whether the Rs. 25,000 prize bonds are banned. 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 extends deadline for encashment of prize bonds 25,000 denomination prize bonds. This decision, effective from December 10, 2020, marks a significant shift for holders of these particular bondsGovernment of Pakistan has extended the last date for .... Reports indicate that the sale of new National Prize Bonds of the Rs佛历2563年12月10日—25,000denomination shall not be sold with immediate effect and will not be encashed or redeemed after May 31, 2021. The following move is aimed .... 25,000 denomination has been halted with immediate effect. This means you can no longer buy new National Prize Bonds worth Rs. 25,000.

While the sale of these bonds has been stopped, the question of encashment and redemption is crucial for existing holdersPremium Prize Bond - National Savings. Initially, the State Bank of Pakistan (SBP) had set a deadline of May 31, 2021, for the encashment or redemption of the RsHighest prize of Rs. 30,000,000/-(25,000/-) and Rs 80,000,000/-(40,000). Unlimited investment and Tenure. WHT is applicable & Exempted from Zakat.. 25,000 denomination prize bonds. 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 As of recent information, the last date for the encashment or conversion of withdrawn prize bonds, including the Rs. 25,000 denomination, has been extended to December 31, 2024. These bonds can be encashed or exchanged at the State Bank of Pakistan, and other designated locations, often specified as commercial banks.PremiumPrize BondsRegistered Limit No limit to purchase Registration Only Registered in name Denomination PKR25000& 40000 Pledgeable...

The decision to discontinue Rs. 25,000 denomination prize bonds was reportedly made to address concerns raised, particularly by the Financial Action Task Force (FATF)The last date for the redemption of NationalPrize Bondsof Rs.7500, Rs.15000, Rs.25000, and Rs.40000 issued by the Government ofPakistan.... 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佛历2563年12月10日—After Rs 40,000 bonds, the government has decided to discontinue the sale of Rs25,000 denominationprize bondswith immediate effect..

It is important to distinguish these discontinued bonds from newer financial productsSBP announces deadline for returning prize bonds. 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. 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佛历2563年12月10日—After Rs 40,000 bonds, the government has decided to discontinue the sale of Rs25,000 denominationprize bondswith immediate effect.. 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.SBP discontinues sale of Rs 25000 Prize Bonds

In conclusion, the sale of Rs.PremiumPrize BondsRegistered Limit No limit to purchase Registration Only Registered in name Denomination PKR25000& 40000 Pledgeable... 25,000 prize bonds in Pakistan has indeed been banned and discontinued. However, this does not render existing bonds valueless. Holders have been provided with extended deadlines to encash or exchange their bondsSBP discontinues sale of Rs 25000 Prize 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 loss. The distinction between the discontinued National Prize Bonds and the currently available Premium Prize Bonds is also important to note.