State Bank of Pakistan (SBP) Governor Jameel Ahmad declared Monday that the central bank will begin issuing new currency notes in the second half of 2025.
One denomination at a time, these new notes with enhanced security features will progressively replace the present series.
The SBP wants to get the federal cabinet to approve the new notes in the next two to three months, ideally by June 2025, Ahmad clarified.
Instead than introducing all the denominations at once, the rollout will happen gradually.
Ahmad did not, however, indicate which denomination would be made available first, saying that the choice has not yet been made. The current denominations of Pakistani currency notes are Rs. 10, Rs. 20, Rs. 50, Rs. 100, and Rs. 500 Rs1,000, and Rs5,000.
