With the start of the new fiscal year, the federal budget has officially come into effect, bringing revised tax measures for several sectors under the new Finance Act. The government has also confirmed the tax deduction rates on prize bond winnings.
In a relief for prize bond holders, the tax rates on prize money remain unchanged for the current fiscal year.
According to the new Finance Act, tax will continue to be deducted at 15% from prize bond winnings of filers, while non-filers will pay 30%, which is double the rate charged to filers.
Meanwhile, the 107th draw of the Rs750 prize bond will be held in Lahore on July 15, 2026.
The first prize is worth Rs1.5 million and will be awarded to one lucky winner. Three winners will each receive the second prize of Rs500,000, while hundreds of participants will win the third prize of Rs9,300 each.
Prize bonds remain a popular investment option among many Pakistanis, particularly those who avoid interest-based savings. The scheme allows investors to keep their principal amount secure while offering a chance to win cash prizes through quarterly draws.
Currently, prize bonds are available in denominations of Rs100, Rs200, Rs750, Rs1,500, Rs7,500, Rs15,000, Rs25,000, and Rs40,000.
Also Read, Winners announced in Rs200 Prize bond draw
Earlier, the National Savings Centre had announced the winners of the 106th draw of Rs 200 Prize Bonds.
Today (Monday), the National Savings Centre Karachi conducted the 106th draw of Rs200 Prize Bonds and announced the lucky winners.
In the draw for the first prize, Bond Number 581381 was selected, and the holder of this bond became entitled to a prize of Rs750,000.
