Recently, the new 75 Pakistani rupee note was introduced as the denomination of the Pakistani rupee. Interestingly, the new currency note marks the 75th anniversary of the establishment of the State Bank of Pakistan. You need to read the article for detailed information. Stay tuned with us for all the new details and updates on PKB News. It is known that this banknote was introduced by the State Bank of Pakistan (SBP) in August 2022 to commemorate the 75th anniversary of Pakistan’s Independence Day. This is the second note of its kind, following the issuance of a commemorative note in 1997 to mark Pakistan’s Golden Jubilee. In April 2023, it was reported that the 75 rupee note was facing a hurdle in gaining widespread acceptance as legal tender. The 75 rupee note is mainly green, with shades of white and yellow. Blue symbolizes growth and development, reflecting Pakistan’s Muslim identity. The presence of white people highlights the religious diversity within the country’s population.
75 New Notes Pakistan
The front of the note features portraits of important figures, including Muhammad Ali Jinnah, Syed Ahmad Khan, Muhammad Iqbal and Fatima Jinnah. On the other hand, the back of the banknote has an image of the Markhor tree and the Deodar tree. These images symbolize Pakistan’s commitment to addressing the challenges posed by climate change and its consequences. SBP Chief Financial Officer Qader Bakhsh said the Rs 75 note is the third commemorative currency note that the SBP has issued in its three-quarter century history. The previous two notes were issued on the occasion of the 50th and 75th anniversaries of the country’s founding.
It is also believed that the currency’s material is made from recyclable, cotton-based paper, as opposed to regular paper or polymer-based printing materials commonly used in other economies. The banknote was issued in 2022 to mark 75 years of the country’s independence and bears images of Quaid-i-Azam, Fatima Jinnah and Sir Syed Ahmad Khan. The choice of three national figures was somewhat controversial as some objected to the omission of other notable figures. Scroll down to the next section to learn more about the news.
Banknotes with legal tender status will not increase the money supply and there will be 4.3 billion notes this year, most of which will be replaced by existing banknotes. The Rs 75 note will consist of only 65 million notes and will not be repeated.