Addressing a press conference in Karachi governor revealed that the design, prepared by an international expert, has been selected for the new currency notes.

“We’ve chosen a new design, and once we receive approval from the federal cabinet, the process of issuing the notes will begin,” he further stated.

The SBP chief explained that the move is part of ongoing efforts to modernize Pakistan’s currency and enhance security features to combat counterfeiting.

“We are proceeding step by step, ensuring that the entire process is carried out according to regulations,” he added.

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The new notes are expected to be introduced to the public after all formal approvals are completed and printing commences.

Additionally, SBP has announced to maintain the interest rate at 11 percent for the next two months.

State Bank Governor Jamil Ahmed said that after looking at all economic indicators, the decision was made to maintain the interest rate at 11%.

He said that the inflation rate was the lowest in April, there was some increase in the inflation rate in May and June, and inflation will increase somewhat in the future due to the base effect and energy prices, while the current inflation rate in the country is 7.2 percent.