Govt to launch Rs100,000 prize bonds: reports

The government has decided to launch prize bonds of Rs100,000 denomination by March, according to media reports.

The investors would get 12.5 per cent profit per annum on the new bonds. An important decision in this regard was made to register the prize bonds against the investors in order to document the economy, which was largely undocumented.

Up till now, only Rs6 billion have been invested in Rs40,000 bonds.