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State Bank of Pakistan launches new Rs1000 banknote


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KARACHI, Feb 24 (APP): The Governor, State Bank of Pakistan, Dr. Shamshad Akhtar launched Rs1000 new-design banknote with enhanced security features and machine readability, at a simple but impressive ceremony held at SBP here Saturday afternoon.


The central bank intends to launch Rs50 denomination note within this year which would be followed by the issuance of Rs5 new designed note to complete its ongoing design upgrading campaign of all the existing denominations of banknotes. The campaign had started with the launch of Rs20 note on August 13, 2005. It may be recalled that the State Bank has already introduced new-design banknotes of Rs 10, 20, 100, 500 and 5000 denominations.



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