The National Savings Division on Wednesday conducted the balloting for the Rs750 prize bond in Muzaffarabad, where hundreds of participants won prizes under Pakistan’s long-standing savings and reward scheme.
According to the official results, the first prize of Rs1,500,000 was awarded to bond number 953346, while three winners of the second prize, worth Rs500,000 each, were bond numbers 294897, 651248, and 965105. Additionally, 1,696 winners received the third prize of Rs9,300 each.
Managed by the Central Directorate of National Savings (CDNS) since the 1960s, the prize bond scheme continues to serve as a secure investment avenue for millions of Pakistanis, allowing them to save while having the chance to win substantial cash rewards. Operated in collaboration with the State Bank of Pakistan, the scheme remains a cornerstone of small-scale savings in the country.
The Muzaffarabad draw formed part of the 2025 prize bond schedule released by the National Savings Division earlier this year. Upcoming draws for the Rs1,500 bonds are slated for May 15 in Karachi, August 15 in Faisalabad, and November 17 in Rawalpindi. The Rs750 bond draws will take place on July 15 in Rawalpindi and October 15 in Muzaffarabad, while Rs200 bonds will be drawn on June 16 in Quetta, September 15 in Multan, and December 15 in Lahore. For the Rs100 bonds, draws are scheduled for May 15 in Sialkot, August 15 in Lahore, and November 17 in Hyderabad.
These nationwide draws provide multiple opportunities for citizens to win prizes while contributing to Pakistan’s culture of formal savings and investment.
Meanwhile, the Federal Board of Revenue (FBR) has revised withholding tax rates on prize bond winnings and profit on debt, effective July 2025, according to an official notification. Under the updated structure, filers will be charged a 15 percent withholding tax on their winnings, while non-filers will face a 30 percent rate.
The adjustment is aimed at encouraging tax compliance and ensuring equitable taxation on income earned through Pakistan’s national savings instruments.
