State Bank of Pakistan Declares December 31, 2024, Prize Bond Redemption Deadline

KARACHI – The State Bank of Pakistan (SBP) has stated that the redemption deadline for prize bonds of the following denominations is December 31, 2024: Rs. 40,000, Rs. 25,000, Rs. 15,000, and Rs. 7,500. The central bank’s statement states that these bonds can be returned or exchanged at SBP offices, branches of the Banking Services Corporation, or commercial banks nationwide. The SBP has made it clear that no requests for redemption or exchange will be accepted after the deadline and that bondholders should take prompt action to prevent forfeiture.