State Bank of Pakistan (SBP) Governor Jameel Ahmad has notified that the central bank would issue the first new currency note in the second half of 2025,
replacing all the existing notes one by one – an initiative aimed at bringing new banknotes with improved security features.
The central bank is set to secure the federal cabinet’s approval for issuance of the new banknotes “maximum in the next two to three months…(and) before June 2025”.
The currency notes of all existing denominations would be issued one by one instead in one go, according to the SBP chief.
He, however, did not disclose which domination note would be in circulation first. “It has yet to be decided.”
At present, there are seven currency notes in circulation in Pakistan of the dominations of Rs10, Rs20, Rs50, Rs100, Rs500, Rs1,000, and Rs5,000.