State Bank of Pakistan Governor Jameel Ahmad has cleared confusion about the launch of new currency notes and shared updates on Pakistan’s economic commitments.
New Currency Notes Delay Explained
Many people in Pakistan were expecting newly designed currency notes before Eid. However, the State Bank of Pakistan has clarified that this will not happen.
According to SBP Governor Jameel Ahmad, the printing of new currency notes has not started yet. The main reason is that the final approval from the federal cabinet is still pending. Until this approval is given, the State Bank cannot move forward with printing or circulating the redesigned notes.
This means the public will continue using the existing currency notes during the upcoming Eid.
Why Cabinet Approval Matters
The approval process is an important step. Even though the designs of the new notes have already been finalized by the State Bank, production can only begin after the cabinet gives the green signal. Without this, no timeline can be confirmed for circulation.
Key Highlights at a Glance
| Topic | Latest Update |
|---|---|
| New currency notes | ❌ Not available before Eid |
| Printing status | ⏳ Waiting for cabinet approval |
| Design approval | ✅ Already approved by SBP |
| IMF agreement | 📌 Strict monetary policy continues |
| External debt payment | 💵 $6 billion already paid |
Pakistan’s Commitment to IMF Program
During his statement, the SBP governor also emphasized that Pakistan is fully committed to its agreement with the International Monetary Fund (IMF). The country is following a strict monetary policy as part of this deal.
He also revealed that Pakistan has already paid $6 billion in external debt and interest payments, showing efforts to manage financial responsibilities despite economic challenges.
What This Means for the Public
For now, there will be no change in currency notes during Eid shopping or travel. While the news may disappoint some people, it also shows that financial decisions are being handled carefully and through proper channels.
For more updates on Pakistan’s economy and financial news, you can explore related articles on infoportal.com.pk.
FAQs
Will new currency notes be issued this year?
Yes, but only after federal cabinet approval. No exact date has been announced yet.
Are old currency notes still valid?
Yes, all existing currency notes remain valid and in circulation.
Has SBP finalized the new designs?
Yes, the designs have already been approved by the State Bank of Pakistan.
Why is IMF mentioned in this update?
Because Pakistan’s monetary policy decisions are linked to its ongoing IMF agreement.
How much external debt has Pakistan paid?
Pakistan has paid around $6 billion in external debt and interest so far.
Conclusion
The State Bank of Pakistan has clearly stated that new currency notes will not be available before Eid due to pending cabinet approval. While the wait continues, Pakistan remains focused on economic stability, IMF commitments, and managing external debt responsibly.
For accurate and easy-to-understand financial news, keep visiting infoportal.com.pk.
Rana Shahriyar is a dedicated content writer and contributor at Info Portal. With a strong interest in social welfare programs and government initiatives, his work focuses on delivering clear, reliable, and easy to understand information for the public.