MUZAFFARABAD — The Central Directorate of National Savings (CDNS) is set to conduct its highly anticipated quarterly lucky draw for the Rs40,000 Premium Prize Bond on June 10, 2026, in Muzaffarabad. Investors across the country are closely monitoring the upcoming event, hoping to secure some of the massive, government-backed financial windfalls on offer.
The premium savings scheme features a multi-tiered reward structure, distributing a total of 664 cash prizes to lucky bondholders:
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First Prize: A staggering top reward of Rs80 million (Rs8 crore) will be presented to a single lucky winner.
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Second Prizes: Three additional high-value prizes of Rs30 million (Rs3 crore) each will be distributed.
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Third Prizes: A massive pool of 660 consolation prizes, valued at Rs500,000 each, will be awarded to remaining fortunate participants.
According to official guidelines, all capital invested under the Premium Prize Bond Scheme, along with any accrued returns, remains completely exempt from the compulsory deduction of Zakat. However, the payouts are strictly subject to prevailing federal fiscal laws. Withholding tax will be automatically levied on both the regular six-monthly profit (under Section 151 of the Income Tax Ordinance, 2001) and the core lucky draw prize money (under Section 156 of the Income Tax Ordinance, 2001) based on current government-notified tax slabs.
Unlike traditional, non-registered bearer bonds that require manual processing and physical security verifications, the premium variant features an effortless distribution mechanism. Winners do not need to file physical claims or visit a state banking branch. Instead, the prize money is directly credited into the registered investor’s validated bank account that was provided during the initial purchase.
The Premium Prize Bonds program functions as a modern, digitized alternative to Pakistan’s legacy bearer national prize bonds. Because these financial assets are issued explicitly under the name of an individual investor, they offer heightened security against theft or loss. Beyond serving as a lottery ticket in the quarterly draws, these premium bonds function as a legitimate fixed-income instrument. Holders receive a guaranteed six-monthly profit yield at rates regulated by the Government of Pakistan, provided the asset is held successfully through the mandatory shut period.
