The federal government has announced plans to redesign all Pakistani currency notes from Rs. 10 to Rs. 5,000, with updated security features and modern designs, while also introducing a plastic polymer note alongside traditional paper currency. Sources from the Ministry of Finance told ProPakistani that no existing denomination will be discontinued, and all notes will continue to circulate once the new series is launched.
Pakistan currently has around Rs. 10,260 billion worth of currency in circulation. To facilitate the transition, the government will provide a clear timeline to banks for exchanging old notes with the newly designed series. Cabinet approval is expected soon to formally launch the initiative.
Under the plan, one denomination will be issued as a polymer note made from a special plastic material, which will be tested for durability. If it proves longer-lasting than paper currency, the polymer note could be adopted for more denominations in the future. The redesigned notes will feature advanced security elements to prevent counterfeiting and enhance overall durability.
Officials stated that the government aims to roll out all redesigned notes within the year, ensuring a smooth transition that will not disrupt cash circulation or daily transactions across the country.
