Pakistan’s 2022 Prize Bond Schedule has been announced. The government is now accepting applications for the same. A prize bond is a bearer type of security with no nominal value, issued by National Savings and Investment (NS&I) in Pakistan under the direction of the Ministry of Finance. There are two types of bonds: public issues or private placements. Public-issue bonds are sold at face values ranging from Rs 100 to Rs 10 million, while private-placement bonds have different denominations depending on the agreement between buyer and seller.