ISLAMABAD: The State Bank of Pakistan (SBP) has presented details of the procedure for conducting prize bond draws for Rs. 25,000 and Rs. 40,000 denominations before the National Assembly, highlighting the participation of special children in the process.
According to the central bank’s response, children with special needs participate in the draws, including announcing and recording the winning numbers.
The SBP said the procedure is supervised by a seven-member committee to ensure transparency and maintain public confidence in the selection of winning numbers.
Seven-Member Committee Oversees Draws
The central bank explained that the committee monitors the draw process as part of arrangements designed to ensure transparency and fairness.
In its response to the National Assembly, the SBP stated that the existing procedure enjoys public confidence and that no complaints regarding the process had been received.
Special Children Play a Key Role
The participation of children with special needs was highlighted as a distinctive feature of the prize bond draw procedure.
According to the details presented by the SBP, these children take part in the process by announcing and recording the winning numbers, while the supervisory committee oversees the proceedings.
The disclosure provides insight into the arrangements used for prize bond draws in the two denominations.
SBP Reaffirms Confidence in Existing Procedure
The central bank maintained that the current system is designed to preserve transparency and public trust.
However, the response did not provide further technical details about the draw mechanism or the specific monitoring arrangements beyond the seven-member committee and the participation of special children.
The information was presented to the National Assembly as part of the SBP’s explanation of the procedures governing the Rs. 25,000 and Rs. 40,000 prize bond draws.
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