ISLAMABAD: Preparations to introduce new currency notes in Pakistan have been completed, but the State Bank of Pakistan is still waiting for final approval from the federal government.
According to a private TV channel, the Security Printing Corporation said the new currency will include modern and effective security features. However, the ultimate designs of the bills are still not formally accepted.
Authorities indicated that after the green light is given, it will take a minimum of two months to begin printing the new bills.
Senior Manager Printing at the Security Printing Corporation, Aamir Shams, said that consultations between the State Bank and the corporation regarding the printing of new currency have already taken place.
He said a decision is still under consideration on whether the new designs will be introduced in phases or all denominations will be launched at the same time. He added that the State Bank is likely to announce an official timeline for printing the new currency later this year.
Sources said that a formal printing order for the new currency notes will only be issued after approval from the federal cabinet. The State Bank has already shortlisted the new designs and sent them to the government.
According to sources, if the cabinet gives its approval, the new design currency notes could be introduced in the final months of 2026.
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