Connect with us

Hi, what are you looking for?

Economy

State Bank to issue new banknotes

Published

The State Bank of Pakistan (SBP) will begin issuing new banknotes on Thursday, December 29, 2022.

The new Governor, Jameel Ahmad, will sign the SBP Banking Services Corporation’s new banknotes.

The notes bearing his predecessors’ signatures will continue to be legal tender.

Previously, the State Bank of Pakistan (SBP) stated that large-sized banknotes with the old design and denominations of Rs. 10, Rs. 50, Rs. 100, and Rs. 1,000 could be exchanged at the SBP until December 31, 2022.

In Notification F.No.2(1)IF-III/2010, dated December 23, 2021, the federal government extended the deadline for exchanging old designed large-size banknotes.

In a statement, State Bank stated  December 31, 2022, was the “last and final deadline for exchange of such banknotes, upon expiry of which, these banknotes shall no longer be exchangeable from the counters of the SBP Banking Services Corporation (BSC) and thus will lose their value.”

Also Read:

https://thetruthinternational.com/latest-updates/meezan-bank-launches-meezan-visa-infinite-debit-card/

In this article:, ,
Written By

Pavan Manzoor is an experienced content writer , editor and social media handler along with a track record of youth-oriented activities in Pakistan and abroad. She was selected as a fully-funded delegate as a leadership fellow in Turkey. She also led a team of 5 volunteers at the week-long Young Professionals Fellowship in Maldives. She is also a member of the Youth Standing Committee on Higher Education.

Entertainment

Viewership for “The Great Indian Kapil Show” on Netflix is dwindling

Data from Netflix indicates that “The Great Indian Kapil Show,” a prominent program on the platform, is witnessing a decline in viewership after airing...

7 days ago

National

Maryam proposes that critics cater to the public, thus increasing the likelihood of their videos going viral as well

During the inauguration of a field hospital in Lahore, Punjab Chief Minister Maryam Nawaz encouraged her critics to engage in public service, suggesting that...

2 days ago

Latest Updates

High-Profile Saudi Woman Missing in Pakistan, Kidnapping Case Filed Against Suspect

A Saudi woman, reportedly connected with the royal family, has gone missing in Pakistan, leading authorities to file a kidnapping case against a man...

April 24, 2024

International

Taliban’s Vision: Transforming Afghanistan into a Regional Energy Trade Hub with Focus on Russian Oil

The Taliban, in collaboration with Kazakhstan and Turkmenistan, has reached an agreement to establish a logistics hub in western Afghanistan, aiming to transform the...

2 days ago