The Ministry of Finance has informed the National Assembly that the State Bank of Pakistan conducts draws for Rs25,000 and Rs40,000 denomination prize bonds through children with hearing and speech disabilities to ensure transparency in the process.
In a written response submitted during Question Hour, the ministry provided details of the procedure adopted by the State Bank for conducting prize bond draws.
According to the ministry, children with hearing and speech disabilities conduct all draws for the Rs25,000 and Rs40,000 denomination prize bonds, and are responsible for announcing the winning numbers and handling the recording process during the draws.
A seven-member committee supervises the prize bond draws to ensure transparency in the procedure, the ministry said.
The ministry added that the public has confidence in the existing mechanism for conducting prize bond draws, and that no complaints have been received regarding the draw procedure.
The details were presented to the National Assembly in response to a question concerning the transparency and procedure of prize bond draws conducted by the State Bank.
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