Our family (including Late Father) has been investing in prize bonds for last thirty years when there were 5, 10 and 11 rupees prize bonds. I was a little boy at that time. My father won two big prizes but I never won any big prize. I request Pakistani government to eliminate 10 percent tax on the national prize bonds prizes. We hardly win few prizes and pay huge tax on it.
We are invigorating Pakistani government by our prize bonds investment but government never encouraged us. After all it is our own obsession since government did not force us to purchase prize bonds. Can you believe it that I did not win a single prize on my Rs. 750 prize bonds draw despite having 800 prize bonds? There looks manipulation in these draws. Government should generate random computerized numbers lists instead of using these Heavy Mechanical Complex mechanical machines.
I am not claiming it due to any grudge. It is scientifically proved. Go to the URL http://www.savings.gov.pk/draws.asp and download lists and see how badly skewed many of the lists are. Statistical dispersion is high. Ask any statisticians and check all lists. Such skewed lists indicate corruption. People can fix many prizes in limited numbers. Computer can generate evenly distributed random numbers
I am loser on my investments with Pakistani government. I earned very little return on prize bonds investment during last twenty years. However, our loss is nothing in comparison with our loss in Bahria Town (Pvt.) and stock exchange investments. Anyhow, I am in the process of changing prize bonds with government securities which gives fix return.
I learnt strange thing about prize bonds today. On April 16, 2012, I checked my 47 prize bonds of Rs. 750. There was no prize but these bonds did not win any prize for last 13 since the time they were issued during 1999 to 2003. Are these any blocked numbers? Many of them were of series 097900+. Government issue many bonds of same numerical numbers with different alphabetical serials. So see how much they could save if they block serials which they issue. I am not sure but it is my apprehension. We often take prize bonds from State Bank, Lahore. Less chance of prize may be due to huge serial of 1,000,000 (a million). In the past total numbers of bonds were 100,000. By the way Pakistani government sometimes cannot pay employees salaries how they will pay profit.