Prize Bonds, a scheme overseen by Pakistan’s central bank, offer a unique investment opportunity. These bearer bonds are interest-free and offer the chance to win substantial amounts for their holders.

Considered a secure form of investment, many people try their luck with Prize Bonds. What sets them apart from other investments like stocks or real estate is that they don’t lose their face value and are backed by the government’s guarantee.

While there’s no assurance of winning a prize, there’s also no risk of losing the initial investment. These bonds, issued by the State Bank, serve as reliable investment instruments. They don’t accrue interest but provide individuals with the exciting chance to win cash prizes.

Prize Bonds are available in various denominations, and holders can participate in periodic lucky draws for the opportunity to win attractive prizes. National Savings announces the schedule for these draws, which typically occur every three months or so.