Prize bond tax rates will remain unchanged under the Finance Act 2026-27, with filers paying 15% withholding tax on winnings and non-filers paying 30%, according to the new fiscal-year tax details.
The rates took effect on July 1, following the implementation of the Finance Act 2026-27. The federal government kept the existing tax structure for prize bond rewards despite wider tax reforms across other sectors.
The next major draw is the 107th Rs750 prize bond draw, scheduled for July 15, 2026, in Lahore. The draw will carry a first prize of PKR 1.5 million for one winner.
Read: Rs40,000 Premium Prize Bond Draw Set for June 10
Three second prizes of PKR 500,000 each will be awarded in the same draw. Hundreds of third-prize winners will receive PKR 9,300 each.
Prize bonds remain a widely used state-backed savings instrument in Pakistan, especially among citizens who avoid interest-based banking. Under the National Savings system, investors retain their principal amount while entering quarterly prize draws.
National Savings offers prize bonds in several denominations, including PKR 100, PKR 200, PKR 750, PKR 1,500, PKR 7,500, PKR 15,000, PKR 25,000 and PKR 40,000.
