ISLAMABAD: The federal government has extended the last date for encashment, conversion and redemption of prize bonds of denomination of Rs40,000, Rs25,000 and Rs15,000 until Dec 31, 2021.

The last date for encashment, conversion and redemption of prize bonds was earlier extended up to Sept 30, 2021.

The government in 2019 had decided to withdraw the said prize bonds from circulation aiming to curtail the circulation of black money through these large size bonds. Since then the government has kept extending the date for replacement and encashment of the bonds.

On a tweet, the Central Directorate of National Savings, Islamabad, said that people can now redeem these prize bonds until Dec 31, 2021. The procedure for encashment/conversion/redemption will remain the same.

The Finance Division on June 24, 2019 restricted the sale of National Prize Bonds (Bearer) of Rs40,000 denomination after June 24, 2019.

Published in Dawn, September 30th, 2021

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...