Pakistan Government National Savings Prize Bonds Scheme

Prize Bonds is gold investment and are bearer type of security available in the denominations

of Rs.200, Rs.750, Rs.1,500, Rs.7,500, Rs.15,000 and Rs.40,000. These bonds are issued in series. Each series consist of one less than 1,000,000 bonds. No fixed return is paid but prize draws are held on quarterly basis. The draws are held under common draw method and the numbers of prizes are same for each series. It means that if 50 series of Rs.200 Prize Bond are in circulation. Then on each draw we have 50 winners of 1st prize and 150 winners of 2nd Prize and so on.

Prize Bonds Scheme is the only lawful source for poor and middle class people investment opportunities to become rich overnight and making their dreams come true Prize bond offers investment options and it is far better than Forex investment but this scheme has been ignored awfully, Recently, profit rates on five saving schemes namely Defense Saving Schemes DSS, Regular Income Certificates RIC, Behbood Saving Certificates BSC, Savings Accounts SA and Special Saving Certificates SSC have been increased by 8 to 50 basis points but Prize Bond Scheme was not given consideration at all. Tragically, the increase of profit rates on these mentioned schemes will not lessen dues burden of Rs. 150 billion or more on account of Defense Saving Certificates maturing in the near future. Prize Bonds Scheme is the only rescuer in this regard, provided and they are like baby formula. The following suggestions are duly implemented.

People double their money in business in few years. So, government should care about its investors. From my services I do not get money for children education in good institutions, costly medicines and any tourism at all. One other important consideration is security of prize bonds. It can be snatched. Government can provide token numbers for the purpose of security. We keep our prize bonds in a bank locker of Allied Bank of Pakistan main branch at Napier road, Lahore. We purchase or replace bonds from State Bank, Lahore or ABL. Sometimes we purchase bonds from any dealer shop near State Bank of Pakistan. There should be any security during transportation.

Many nobles and leaders responded to my request of prayer for our family that our family win big prize in the prize bonds scheme. They and their follower gave me message of their prayers. Even people of other religions sent me message regarding their prayers about us. These prayers did not let us win any big prize but provided us some financial resources. Noble people say that prayers have great effect however these prayers have not been proving effective for many years. You can also consider a test for the effectiveness of prayers.

by: Tahir Jamil

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