Pakistanis buy Prize Bonds worth Rs 134 billion in 2018, up 17% from previous year
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ISLAMABAD - The investment in prize bonds was 17% higher in 2018 as compared to 2017.
In a sign that Pakistanis are investing more in prize bonds, National Savings sold prize bonds worth Rs134 billion in 2018, witnessing an increase of 17% over the preceding year, the data from the State Bank of Pakistan shows.
National Savings, Pakistan’s largest investment and financial institution, reported a total investment of Rs923 billion in prize bonds as of last December, up from Rs788 billion from a year ago.
Among all denominations, Rs7,500 prize bonds saw the highest increase of 27% over the comparable period of last year followed by Rs15,000 prize bonds that saw an increase of almost 20%.
National savings sell bonds in different denominations starting from Rs100, the cheapest, all the way up to Rs40,000.
