New design currency notes in Pakistan likely to face delay

ISLAMABAD: Governor State Bank Jamil Ahmed says that there is a possibility of delay in the introduction of new design currency notes in the country.

The designs of the new design currency notes were sent to the government for approval, but the government has sent them back to the State Bank for some changes and further improvements in the design. The State Bank is working on it and the final approval of the new note will be given by the federal cabinet.

Earlier, in his address to traders at the Karachi Chamber of Commerce, the Governor State Bank said that there is a significant difference between the economic conditions of 3 years ago and today. Despite economic recovery, there are many problems. There are also economic challenges of the Middle East war.

Jamil Ahmed said that compared to 2023, the opening of letters of credit improved in 2026. Pakistan’s average imports are currently more than $5 billion per month, while 3 years ago, monthly imports were an average of $3 billion.