The process for introducing new currency notes in Pakistan has entered a crucial stage in 2026. The State Bank of Pakistan (SBP) has officially confirmed that the designs of new banknotes have been finalized and approved at the institutional level.
According to the central bank, the designs have now been forwarded to the federal government, and the notes will be issued only after formal approval is granted.
This update clears months of speculation around currency changes and addresses public concerns about high-value notes.
SBP Confirms New Currency Notes Design Approval
Speaking before the Senate Standing Committee on Finance, SBP Governor Jameel Ahmad confirmed that:
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The State Bank Board has approved the designs
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The designs have been sent to the Ministry of Finance
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Currency issuance will begin after federal government approval
This confirms that the project has moved from planning to the final approval phase.
Will Rs. 5,000 Note Be Discontinued? (Official Clarification)
One of the most searched questions related to new currency notes Pakistan is whether the Rs. 5,000 note will be withdrawn.
The SBP Governor clearly stated:
There is no proposal under consideration to discontinue the Rs. 5,000 note.
This clarification puts an end to rumors circulating on social media and unofficial platforms.
When Will New Currency Notes Be Issued in Pakistan?
At present:
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Designs are finalized
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Government approval is pending
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No official launch date has been announced
Once the federal government approves the proposal, SBP will announce:
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Printing schedule
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Circulation timeline
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Public awareness guidelines
Until then, existing currency notes remain fully valid.
Why Pakistan Is Introducing New Currency Notes
The introduction of new currency notes is part of a broader effort to modernize Pakistan’s financial system.
Key Objectives Include:
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Enhanced security features to prevent counterfeiting
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Improved durability and design clarity
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Alignment with international currency standards
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Greater public trust in cash transactions
While SBP has not yet disclosed design details, modern security elements are expected.
Discussion on Tax Pressure During the Same Meeting
The Senate meeting also addressed wider economic issues, particularly tax enforcement.
Senator Abdul Qadir’s Remarks
Senator Abdul Qadir raised concerns about the super tax, warning that:
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Demanding multiple years of tax at once creates pressure
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Businesses and individuals may consider leaving the country
He suggested spreading payments over several years.
Senator Sherry Rehman Questions Revenue Strategy
Senator Sherry Rehman also spoke during the session, noting that:
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Super tax falls under parliamentary authority
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Repeated taxation of the same group is unsustainable
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Excessive pressure weakens economic stability
Her comments highlighted broader concerns around fiscal policy.
FBR Response and Revenue Figures
The Federal Board of Revenue (FBR) responded by stating:
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Instalment options may be allowed in certain cases
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Total super tax collection has reached Rs. 217 billion
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Outreach through calls and SMS increased registered taxpayers by one million
This discussion, while separate, reflects the broader economic backdrop against which currency reforms are taking place.
What This Means for the Public
For citizens searching about new currency notes Pakistan, the key takeaways are:
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New designs are approved by SBP
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Notes will be issued only after government approval
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Rs. 5,000 note will not be discontinued
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Existing currency remains valid
There is no immediate action required from the public at this stage.
Final Thoughts
The confirmation that new currency notes in Pakistan are moving toward issuance marks a significant development in 2026. With designs finalized and official approval pending, the process is now firmly in its final stage.
Until a formal announcement is made, Pakistanis can continue using existing notes with confidence, while staying alert for official updates from the State Bank of Pakistan.
FAQs – New Currency Notes Pakistan
Q: Are new currency notes coming to Pakistan in 2026?
Yes, designs have been finalized and approved by SBP.
Q: Has the Rs. 5,000 note been discontinued?
No, SBP has confirmed it will remain in circulation.
Q: When will new notes be issued?
After federal government approval; no date announced yet.
Q: Are current notes still valid?
Yes, all existing currency remains valid.
source: State Bank of Pakistan (sbp.org.pk)
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