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What is a Pakistan prize bond formula?

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Quick Answer

The Pakistan prize bond formula is a gold investment. It's the only lawful source for poor and middle class investors hoping to become rich overnight, states PrizeBond.net.

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Full Answer

These are bearer-type securities available in the denominations of Rs.200, Rs.750, Rs.1,500, Rs.7,500, Rs.15,000, Rs.25,000 and Rs.40,000. These bonds are released in series, with a maximum of 999,999 bonds per series available. Bearer-type means that whoever physically holds the bond is the owner, just like with cash. There is no predetermined return on these bonds, but instead drawings are held under common draw methods every three months. The number of prizes is the same for each series with different prize amounts awarded for first, second and third place winners, according to PrizeBond.net.

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