Pakistan’s government is set to roll out digital prize bonds, the scheme will shift transactions to a mobile app, with payouts credited directly to linked bank or Central Directorate of National Savings (CDNS) accounts.
The Digital Prize Bonds initiative is taxable yet Zakat-exempt aims to slash theft, loss, and damage risks while boosting transparency and economic tracking, ditching paper for a sleek, secure system.
The Finance Division has instructed CDNS (Central Directorate National Savings) to introduce digital prize bonds to fulfil the void left by the discontinuation of bearer prize bonds. https://t.co/aMnMPvlsEh
— Asad Ali Toor (@AsadAToor) March 9, 2025Starting with denominations of Rs500, Rs1,000, Rs5,000, and Rs10,000, the bonds will be registered to buyers, curbing fraud. Adults can snap them up via the National Savings app or CDNS channels, paying through linked accounts. Prize money lands straight in investors’ pockets, with quarterly draws announced yearly. “It cuts printing costs and streamlines everything,” a CDNS official said. The Digital Prize Bonds promise efficiency, buy, sell, redeem, done.
Features and Flexibility
Investors can name beneficiaries at purchase, tweaking or scrapping them later. If an investor passes, bonds and prizes shift to heirs via succession certificates or to nominees if under Rs500,000.
Read: Pakistan to Issue Panda Bonds by June 2025 to Boost Economy
The paperless perk slashes logistics hassles, making the Digital Prize Bonds a game-changer. They are app-driven and theft-proof, revamping Pakistan’s savings game.
