Pakistan's Prize Bond Draws Thousands With Rs 30 Million Jackpot

The Central Directorate of National Savings (CDNS) has announced the draw of the Rs 25,000 Prize Bond, offering a staggering Rs 30 million for the first-place winner. Scheduled to take place on December 10, 2024, at Quetta's National Savings Centre, the draw is expected to attract thousands of hopefuls.

Historical Context and Regulator Role

The Rs 25,000 Prize Bond scheme, managed by the CDNS under the State Bank of Pakistan, has been running since the 1960s. As one of the safest investment options available in Pakistan, the scheme offers the possibility of principal loss recovery, providing an attractive proposition for many citizens. Each draw held every three months, the National Savings ensures that winners are awarded with cash prizes, boosting the morale of the citizens of the country.

With the latest draw number 16 scheduled for December 10, 2024, the National Savings has published a table showing the cash prizes that people can win in the upcomming draw. The offer is said to be a low-chance-for-big-reward investment, and it attracts many Pakistani residents to participate and invest in these bonds. As mentioned earlier , around 1137 winning prizes will be awarded, which may have participants believing their raffle entry may very likely land up with a prize!

The recent lists of results for the November 2024 draw of Rs100 Prize Bond and Rs1,500 Prize Bond also reveal the profitability of this scheme, as winners took home substantial cash prizes, such as R. S 700,000 and R. S 3,000,000 respectively. Winning in the Prize Bond draw seems to be the most extended win during this month.