.
ISLAMABAD:
The federal government has decided to introduce new designs of currency notes, with the move receiving formal approval from the federal cabinet, which constituted a cabinet committee to supervise and deliberate on the redesign process.
The decision was taken at a federal cabinet meeting held at the Prime Minister House in Islamabad, chaired by Prime Minister Shehbaz Sharif, where the members were briefed by the Finance Ministry about the proposed changes.
The cabinet was informed that the State Bank of Pakistan (SBP) is working on new designs of banknotes in line with modern and contemporary requirements, and international experts have been engaged to ensure that the designs meet global standards.
The cabinet members were informed during the briefing that new designs will be introduced for Rs 100, Rs 500, Rs 1,000 and Rs 5,000 notes, marking a significant upgrade to the country’s existing paper currency.
It was noted at the meeting that the new banknotes would feature improved security threads and enhanced security features aimed at reducing counterfeiting and enhancing public confidence in the national currency.
It was further informed that the redesigned notes would reflect Pakistan’s regional and geographical diversity, as well as important historical monuments, giving the currency a stronger national and cultural identity.
In addition to visual and security improvements, the designs will also incorporate key social themes, including the role of women in national development and the challenges posed by climate change.
The federal cabinet has decided to form a committee to conduct further deliberations on the new currency note designs and related issues before their final rollout.
