The first prize of Rs. 750,000 will be drawn on Thursday, September 16 under the auspices of the Central Directorate of National Savings, Government of Pakistan.

First prize Rs 7 lacs 50 thousand second prize Rs 2 lacs and 50 thousand for 3 winners, third prize Rs 1,250 for 2397 winners of the lucky draw.

The government announced that income tax collection from the winners of the prize bonds grew 8 percent to reach Rs4 billion during the fiscal year 2020/21.

The sources at the Regional Tax Office (RTO) Karachi, a revenue collecting arm of the Federal Board of Revenue, said the income tax collection from the prize bonds increased to Rs4 billion in the fiscal year 2020/21, compared with Rs3.7 billion in the preceding fiscal year.

The FBR collects income tax on prizes and wins money under Section 156 of the Income Tax Ordinance, 2001.

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