State Bank of Pakistan has shared a new update regarding the proposed designs for Pakistan’s upcoming Currency Note series.
State Bank Governor Jameel Ahmad said there could be a delay in the launch of the new Currency Note designs because the federal government has returned the proposals for further revisions and improvements.
The governor made the remarks while speaking to journalists during an event held at the Karachi Chamber of Commerce and Industry.
According to Jameel Ahmad, the government reviewed the proposed Currency Note designs and suggested additional changes before final approval. He explained that the State Bank is currently working on incorporating the recommended modifications.
The governor stated that the printing process for the new notes will begin only after the revised designs receive approval from the federal cabinet.
He added that the central bank is fully prepared to move forward once the approval process is completed. After that, the new notes will officially enter circulation across the country.
Pakistan has periodically updated its currency note designs over the years to improve security features and modernize the appearance of banknotes.
The proposed changes are expected to include updated designs, enhanced protection measures, and improvements aimed at preventing counterfeiting.
During the same event, Jameel Ahmad also responded to questions regarding financial monitoring and suspicious banking activity.
While speaking about reports linked to alleged drug trafficker Anmol Pinky, the governor said suspicious transactions are monitored by the Financial Monitoring Unit (FMU).
He explained that anti-money laundering laws and monitoring systems are already in place to investigate such financial activities.
The State Bank governor also discussed broader economic conditions and regional developments affecting Pakistan’s economy.
He warned that if tensions in the Middle East continue, Pakistan could face additional economic challenges, including inflationary pressure and rising import costs.
According to him, instability in global energy markets can directly affect countries like Pakistan that rely heavily on imported fuel and goods.
Jameel Ahmad further stated that Pakistan’s external debt has not increased during the last four years. He also highlighted the country’s projected economic growth rate for the current fiscal year.
The governor said Pakistan is expected to record a growth rate of 3.7 percent this year. He compared this with the country’s long-term average growth rate of 3.4 percent over the last two decades.
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The latest update regarding the Currency Note designs has attracted public attention as many people remain interested in possible changes to Pakistan’s paper currency in the coming years.
