The Government of Pakistan has propelled first ever registered Premium Prize Bond of Rs 40,000 sections, we have checked.
Finance Minister Ishaq Dar initiated the bond at a ceremony in Islamabad. Prior, unregistered bonds of Rs25,000 and Rs40,000 denominations were accessible in the market.
Speaking on the event, the Minister said Pakistan is treading on the way of advance at a fast pace. He said Rs.80 million is the first prize for this premium bond of Rs.40,000, though following six months, profit on the bond will likewise be paid to the holders.
He said that a printed receipt will be given to the buyer of the bond and there was no restriction and time of the investment, including each person with the exception of banks, could purchase the bonds.
He said an obligation of one hundred thousand rupees will likewise be launched soon.
Ishaq Dar said bonds will be accessible for individuals and in addition public and private companies however banks can’t get it.
He said the bond prize will be directly moved in the record of the winner instead of publishing his name in the newspaper.
Ishaq Dar said with far reaching changes in economy, the government is satisfying its promises to the people.
He said the nation’s monetary advance is as a rule universally acclaimed and every financial pointer are demonstrating an upward pattern. Universal monetary specialists see Pakistan among the main twenty economies of the world by 2030.
He said Pakistan will soon sign bilateral treaty with Switzerland for Bank Information Sharing to detect tax evaders.