Commemorative Banknotes

The State Bank of Pakistan (SBP) has issued a banknote to mark the 75 years of SBP’s founding. The details of the banknote are as under:

Denomination Color Size Issuance
Rs. 75 Blue 139 mm X 65 mm July 2023
Obverse Reverse

Quaid-e-Azam Muhammad Ali Jinnah

SBP Building Sketch by Syed Sadequain Naqvi


Mohtarma Fatima Jinnah


Quaid-e-Azam at the inauguration ceremony
of the SBP

This banknote celebrates 75 years of the SBP, which was inaugurated by the Quaid-e-Azam Muhammad Ali Jinnah on July 01, 1948. The principal theme of the banknote is the celebration of 75 years of central banking in independent Pakistan, with sub-themes of gender equality, renewable and green sources of energy, and the recognition of Sadequain’s association with SBP.

In line with the established practice of SBP, the portrait of Quaid-e-Azam Muhammad Ali Jinnah is placed on the face of the banknote, as a testament to his relentless efforts and leadership in achieving the independence of Pakistan. Further, the SBP has the honor of being one of the very few state institutions that was inaugurated by the Founder. In 1948, at the time when the founding Governor of the SBP, Mr. Zahid Husain was planning the inauguration of the country’s Central Bank, the Quaid was at Ziarat, Balochistan. Unwell and advised by his doctors to rest, his private secretary declined Mr. Zahid Husian’s invitation for the Quaid to attend the inauguration ceremony. However, on the insistence of Mr. Zahid Husain, the Governor General’s Office brought the matter to the attention of the Quaid-e-Azam. In a hand written note by the Quaid personal Secretary Mr. Farouk Amin, the Quaid acknowledged the importance of the event, while confirming his attendance for the event. Quaid-e-Azam also delivered a historic speech to a large gathering of people who came to witness one of the key milestones in the economic history of Pakistan.


Sadequain working on
his mural
“Industry & Agriculture-I”
at the State Bank of

The front side of the banknote displays SBP’s head office building at Karachi, created through calligraphic brilliance of Syed Sadequain Ahmed Naqvi. One of the great calligraphists and painters of Pakistan, Sadequain was also the official painter of SBP, producing various works of art. The banknote shows one such work, his stylized rendition of the SBP head office building portrayed by repeated use of the words “Bank Daulat-e-Pakistan” in Arabic/Urdu calligraphic script. The calligraphic masterpiece was produced by Sadequain as a cover for the brochure for the  inauguration ceremony of the new head office of the central bank.

Sadequain produced various works of art for the Bank during his time at the SBP, the collection of his works is on permanent display at the SBP Museum.


Mohtarma Fatima Jinnah

The banknote promotes gender equality, as represented by the portrait of female icon of Pakistan, Mohtarma Fatima Jinnah. She is cherished as a beacon of women empowerment and gender equality for her role during the independence and as a formidable political force during her later years in independent Pakistan.

Mohtarma Fatima Jinnah was also present for the inauguration ceremony of the State Bank in 1948.

 A sub-theme of the banknote is Banking of Equality which reiterates the SBP’s policy to embrace a gender intentional approach and improve the orientation of banks to service women more effectively. The policy identifies actions targeted towards improving institutional readiness, product diversification and development capability, customer acquisition and facilitation approaches towards women segments, robust collection of gender disaggregated data, and prioritizing gender focus in SBP’s policies.

The motifs on the reverse side illustrates wind turbines and solar panels, which highlight Pakistan’s commitment to sustainability through the use of renewable and green sources of energy.

The colour scheme, portraits, vignettes along with public service message were conceived by the internal Banknote committee at the State Bank of Pakistan and integrated into a final banknote design by the banknote designers at CCL Secure and Koenig and Bauer (K & B). The design was then approved by the Federal Government on the recommendations of the SBP Board, in accordance with the requirements of the SBP Act 1956.


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