ISLAMABAD: Local banks have reported a steady increase in the number of car purchase loans they have granted in October 2025 when comparing both year-on-year and month-on-month figures.
The first of these data, based on the statement issued by the State Bank of Pakistan, indicates that the overall volume of bank loans for car purchases at the end of October 2025 reached 315 billion rupees, thus becoming 33.7% higher than at the same period of last year.
Increase in Loan Disbursements for Car Purchases
At the end of October last year, the volume of loans by banks for car purchases was 236 billion rupees.
Loans for car purchases in October have recorded a monthly growth of 3.5% compared to September.
In October, the volume of loans for car purchases increased from 305 billion rupees in September to 315 billion rupees.
Rs 1,500 Prize Bond draw date announced
The National Savings Centre has announced the date for the next draw of Rs 1,500 prize bonds. This draw will take place in Rawalpindi on November 17, 2025.
According to a statement from the National Savings Centre, winners will be able to collect their prize money from the field offices of the State Bank of Pakistan, selected commercial banks, or National Savings Centres after submitting the necessary forms.
Regarding the prizes, the first prize will be Rs 3 million, with three fortunate winners receiving Rs 1 million each. Additionally, 1,696 individuals will be awarded smaller prizes of Rs 18,500.
Taxes will be applicable on the prize money. As per the State Bank’s guidelines, tax filers will incur a 15% tax, while non-filers will be charged 30%, resulting in a lower deduction for tax filers.
In the last draw held in August 2025, the first prize of Rs 3 million was awarded to bond number 790468. The second prizes were won by bond numbers 031085, 193673, and 607650. Furthermore, another 1,696 individuals received smaller prizes of Rs 18,500.
