The National Savings Directorate of Pakistan has completed all necessary preparations for launching digital prize bonds, including developing a highly advanced mobile application for their distribution and management. These digital prize bonds are set to be introduced in various denominations, such as Rs500, Rs1,000, Rs5,000, and Rs10,000, making them accessible to a broad segment of the population through National Savings account holders. The expected total investment in these digital bonds is projected to be between Rs800 billion and Rs1,000 billion, reflecting the country’s significant demand for secure financial products.
The official guidelines for the issuance of digital prize bonds have already been submitted to the Cabinet Committee on Legislative Affairs for approval. Once approved, these bonds are expected to become the most secure form of investment in Pakistan, as they are designed to be completely counterfeit-proof and immune to theft. This innovation will also phase out traditional, anonymous bonds, ensuring that the digital prize bonds comply with international standards set by the Financial Action Task Force (FATF). By doing so, the initiative aims to improve transparency in the country’s financial system and contribute to efforts to combat money laundering and terrorism financing.
In addition to the digital prize bonds, Finance Minister Muhammad Aurangzeb has announced plans for the issuance of Panda Bonds by June. The government aims to raise $200 million from Chinese investors through these bonds, a strategic move designed to support Pakistan’s export-driven growth model. The funds raised from the Panda Bonds will play a critical role in strengthening Pakistan’s balance of payments, reducing external debt, and ensuring long-term financial sustainability. This initiative aligns with Pakistan’s broader strategy to attract foreign investment and improve economic resilience in the face of global challenges.
