The State Bank of Pakistan has invited artists, designers, and art students to submit designs for new banknote series.
Participants are expected to come up with novel designs and ideas. The designs should be submitted to the Director, Finance Department, State Bank of Pakistan, I.I. Chundrigar Road, Karachi, by 11th March 2024.
The design ideas and themes finalized after the Art Competition will be shared with the reputed professional banknote designers to be selected through a competitive process for developing the final printable designs for each denomination.
The existing banknote series will remain in circulation even after the issuance of a new series. Any decision on withdrawal of the existing series from circulation will be taken in a gradual and phased manner, once the new banknotes are issued and are in circulation in sufficient quantities.
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