State Bank of Pakistan made the decision to print new currency notes of all values, aiming to combat corruption and promote transparency.
According to the central bank's statement, these new notes will showcase updated designs, serial numbers, and enhanced security features.
Governor Jameel Ahmed mentioned that the introduction of currency notes with new designs and features is a response to the significant rise in complaints related to counterfeit currency notes.
Pakistan New Currency Notes Update
State Bank chief said the central bank has started the framework of new currency notes.
Jameel Ahmad was of view that new currency notes would be printed on material that would incorporate latest International Security Features to enhance security of legal tender.
Previously, Pakistani senators advocated for the prohibition of the Rs5,000 currency note.
A resolution was passed in the Upper House of Parliament, calling for a ban on the highest denomination due to concerns about corruption, terrorism, and smuggling.
Reports indicated that Rs5,000 notes amounting to Rs2 trillion were not in circulation and were being kept in secure deposits.
