business

December 11, 2020

Government discontinues Rs25,000 prize bonds

ISLAMABAD: The government on Thursday discontinued prize bonds with Rs25,000 denomination and set a six-month deadline for investors to redeem or encash the popular investment instrument, in a second phase of documenting multibillion rupees worth of bond market.National prize bonds of Rs25,000 denomination will not be sold with immediate effect and will not be encashed / redeemed after 31st May, 2021, according to a finance ministry’s decision.Although cash payment for encashments of cited...