Government Decides To Introduce Digital Prize Bond
The federal government has decided to introduce digital prize bonds, the transactions of which will be made through a mobile app.
Digital prize bonds will be safe from theft and loss, while the prize money will be taxed and Zakat will be exempted.
Purchases will be possible only through the National Savings mobile app or approved channels, the draw will be held on a quarterly basis. The prize money will be transferred directly to the linked bank account.
Digital bonds will help in documenting the economy, with the facility of nomination available at the time of purchase.
Heirs will be paid as per the succession certificate, paperless bonds will eliminate printing and logistics costs.
