The Founder of Pakistan Quaid-i-Azam Muhammad Ali Jinnah, in May, 1948, took steps for immediate establishment of the State Bank of Pakistan. These were implemented by State Bank of Pakistan Order 1948 dated 12 th May, 1948 and the State Bank of Pakistan commenced operation on July 1, 1948.
As per the State Bank of Pakistan Order 1948, the State Bank of Pakistan was charged with the duty to regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in Pakistan and generally to operate the currency and credit system of the country to its advantage.
The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. In terms of Section 24, State Bank of Pakistan has the sole right to issue banknotes.
The State Bank of Pakistan introduced the first emergency issues in the denominations of 5, 10, and 100 rupees, printed by De La Rue & Company between 1948 and 1960. Presently new banknote series is in circulation since 2005 with introduction of 20 rupee denomination banknote followed by introduction of other banknote denominations of 50, 100, 500, 1000, and 5000.
Pakistan's Banknotes
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Letter of Credit / LC / What is Documentary Credit / Concept of LC / Complete detail in Urdu/Hindi
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What is Mortgage / Bank Mortgage /Mortgage Loan /Property Mortgage complete details in Urdu/Hindi
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What is Pledge / Loan against Pledge in Urdu/Hindi Understand Pledge with examples
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What is Hypothecation / Concept of Hypothecation with example in Urdu / Hindi
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Naya Pakistan Certificate / Islamic Naya Pakistan Certificate/What is Naya Pakistan Certificate/NPC
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How To Open Bank Account in Pakistan / Individual Account Open krny ka tareeqa Urdu / Complete Guide
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How To Open Partnership Firm Bank Account/ Partnership Company Bank Account/ Company Account in urdu
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How To Open Roshan Digital Account /Roshan Digital Account open krny ka tareeqa urdu/ Complete Guide
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Kamyab Jawan Program Application Procedure | Prime Minister Youth Loan Scheme in Urdu by a Banker
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How To Fill Youth Loan Application /Prime Minister Kamyab Jawab Program / How To get PM Youth Loan
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Rs25000 Prize Bonds Discontinued / How to replace Rs 25000 Prize Bonds / Prize Bonds Updates
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Last Date of Rs 40,000 Prize Bonds/Extension in Date of Rs 40000 Prize Bonds/complete detail in Urdu
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Part 1 Mera Pakistan Mera Ghar | Low cost Housing Scheme | Easy House Loan in Pakistan by a banker
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Part 2 Mera Pakistan Mera Ghar| What Documents required for Low cost Housing Scheme / FAQs
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Part 3 Mera Pakistan Mera Ghar | Low cost Housing Scheme/ Expenses/ Fees /Property Docs Required FAQ
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Low Cost Housing /New Home Loan Scheme / UBL Address House Financing / Complete detail in Urdu/Hindi
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