The federal government is going to launch prize bonds of Rs. 100,000 denomination in next month, several media reports said.
According to reports, the new prize bond will offer investors a 12.5 percent profit per annum.
The bonds will be registered against the name of investors, some media reports claimed, adding that the move was aimed at documenting the economy.
Thus far, the government has received an investment of six billion rupees in Rs. 40,000 bonds.
This is a developing story, it will be updated accordingly.
