Pakistan Investment Bonds

is a conventional Fixed Coupon bond , bearing bond classification of Par + Coupon. The Pricing is based on market determined yields.

Salient Features are

  • Issuer: Government of Pakistan
  • Coupon: 7.00, 7.75, 8.75 (paid semi-annually)
  • Tenor: 3 , 5, 10 Years
  • Denominations : Multiple of 100,000 Pak rupees
  • Withholding Tax : Deducted at source (Currently at 10%)
  • Sale of Bills : Through designated Primary Dealers
  • Redemption: PIBs shall not be redeemable before maturity
  • Tradable: PIBs are script less & traded freely in the Secondary Market and are transferable.
  • Custodianship As the PIBs are script less instruments, client’s holding are held in the Investor Portfolio Services (IPS) Account managed through Subsidiary General Ledger Accounts with banks.