((CDNS) will float Rs 25,000 prize bond from February 1, 2012 with the aim to promote public savings in the country on one side and encourage non-bank borrowings to control inflation. Director general CDNS Zafar Shaikh told reporter Monday that there was a need for a bond with the denomination of Rs 25,000 to cater to market appetite in the country. We have bonds of almost all denominations, but there was a gap of one bond of Rs 25,000 in between Rs 15,000 and Rs 40,000, he added.
1st Draw will held on 15th February, 2013
The National Savings Pakistan announced a `Student Welfare Bond', which will be available at office of National Saving Centres, Post offices and all scheduled banks.This was stated by Director General National Savings, Zafar Mehmood during a meeting with delegation of National Youth Assembly.He said, "The purpose of introducing this Bond is to create the propensity of savings among youth; the 62 percent of the total population", says a press release here Monday.