The federal cabinet is considering a plan to gradually withdraw the Rs10 currency note and introduce a Rs10 coin instead. The proposal has been presented in a detailed currency management report prepared under relevant laws.

A high-level committee led by the finance minister submitted the report after reviewing recommendations from the State Bank of Pakistan and the Security Printing Corporation.

According to the report, the average life of a Rs10 note is only 6 to 9 months. This means millions of notes must be reprinted every year. In contrast, a Rs10 coin can last 20 to 30 years, reducing the need for frequent replacement.

Officials revealed that nearly 35 percent of all currency notes printed annually are Rs10 notes. The estimated cost of printing, replacing and managing these notes stands between Rs8,000,000,000 and Rs10,000,000,000 per year.

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Economic experts say that introducing a Rs10 coin could save between Rs40,000,000,000 and Rs50,000,000,000 over the next 10 years. Although coins cost more to produce at the start, their long lifespan makes them more economical in the long run.

After cabinet approval, a formal announcement of this important financial decision is expected. Authorities believe the move could have a positive impact on the national economy.

This change looks small but it is financially big. Printing paper notes again and again costs a lot. A coin stays in use for many years. If the government manages the shift smoothly, it can reduce waste and save public money. However, public acceptance will also matter. People must feel comfortable using the new coin in daily life.