Regulatory Alerts2026-08-06 | CMD Circular No. 22 of 2026Added
Issuance of Premium Prize Bonds (Registered) through Commercial Bank Branches
Commercial banks must settle all Premium Prize Bond sale transactions with SBP BSC Karachi on the same day using the DAP reporting mechanism. Banks failing to settle proceeds on the same day are liable to pay use of funds calculated at the SBP Overnight Reverse Repo (Ceiling) rate for the delay period. Additionally, banks are liable for the gross amount of any erroneously paid profit or prize money resulting from non-reporting, delayed reporting, or misreporting of transactions.
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