The Government of Pakistan has announced the launch of Rs. 100,000 prize bonds by March 2019 reportedly.
Those who intend to invest in the bonds are to get 12.5% profit per annum as per the report. As of now, RS 6 billion have been invested in Rs. 40,000 bonds.
Prize bonds are a scheme introduced by a country’s government which allows individuals to win a prize if they place 1st, 2nd, or 3rd in a draw.
The bonds start from Rs. 100 and go up to Rs. 40,000 respectively. There can be multiple prize winners even 100 at a time.
*Note: This is a developing story.
Have something to add? Share your thoughts with us in the comments below.
Stay tuned to Brandsynario for more news and updates.