KARACHI: The State Bank of Pakistan on Wednesday advised all commercial banks to accept requests for conversion/redemption of Rs40,000-denominated national prize bonds, till December 31, 2020.
The central bank in a circular issued, again made it clear the cash payments against encashment of these bonds were not allowed.
“However, the bond holder(s) shall have some options for the replacement of these bonds such as conversion of premium prize bonds (registered), replacement with special savings certificate or defence savings certificate and encashment at face value into bank account only,” it said.
Systems Limited, IT and IT-enabled services provider, hosted US Ambassador to Pakistan Donald Blome on May 3, 2024....
The logo of the Telenor Microfinance Bank . — temenos websiteKARACHI: Telenor Microfinance Bank reported a strong...
Chief Executive TDAP Mr. Zubair Motiwala met with HE Dr. Bakheet Ateeq Al-Remaiti, Consul General of UAE, in Karachi...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,400 per...
A person walks by a sign advertising employment at a fast-food restaurant in New York City. — AFP FileWASHINGTON:...
This picture taken on January 30, 2023 shows residents buying vegetable at a market in Karachi. — AFP/FileLAHORE:...