The State Bank of Pakistan (SBP) announced on Tuesday the release of a Rs75 banknote to commemorate the bank’s 75th anniversary.
“SBP issues Rs75 banknote marking the 75 years of SBP’s founding. The new banknote is available for issuance to the general public at all SBP BSC offices & commercial bank branches and can be used for all regular daily transactions,” the central bank said in a tweet.
The front side of the note bears the note of the nation’s father, Quaid-e-Azam Muhammad Ali Jinnah, while the back side bears a photograph of Mohtarma Fatima Jinnah.
#SBP issues Rs.75 banknote marking the 75 years of SBP’s founding. The new banknote is available for issuance to the general public at all SBP BSC offices & commercial bank branches and can be used for all regular daily transactions.#75YearsofSBP pic.twitter.com/40Xpg6hYen
— SBP (@StateBank_Pak) July 4, 2023
The one-time commemorative currency note also carries special security features.
Quaid-e-Azam inaugurated the central bank of Pakistan on July 1, 1948.
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The State Bank of Pakistan is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalized and the scope of its functions was considerably enlarged.
The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today.
The headquarters are located in the financial capital of the country Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with a Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four provincial capitals.
The State Bank of Pakistan has other fully owned subsidiaries as well: the National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ownership of the Pakistan Security Printing Corporation.
