Country ISO code: PK

Official languages: Urdu and English

Language ISO codes: ur (Urdu), en (English)

Current official currency: Pakistani Rupee

Currency ISO code: PKR

Complete Financial History of Pakistan (اسلامی جمہوریہ پاکستان)

Current official currency: Pakistani Rupee (₨)

• ISO code: PKR

• Symbol: ₨

• Singular name: Rupee (روپیہ)

• Plural name: Rupees (روپے)

• Monetary subdivision: 1 Rupee = 100 Paisa (پیسہ)

• Fraction singular name: Paisa

• Fraction plural name: Paisa

• Initial production date: 1948 (after independence)

• Final production date: Still in circulation

• Initial circulation date: 1948

• Final circulation date: Still in circulation

• Mint: Pakistan Mint (Karachi, Lahore) and contracted international mints

• Issuing bank: State Bank of Pakistan

Coin denominations

• 1 Paisa (discontinued)

• 2 Paisa (discontinued)

• 5 Paisa

• 10 Paisa

• 25 Paisa

• 50 Paisa

• 1 Rupee

• 2 Rupees

• 5 Rupees

• 10 Rupees

Banknote denominations

• 10 Rupees

• 20 Rupees

• 50 Rupees

• 100 Rupees

• 500 Rupees

• 1000 Rupees

• 5000 Rupees

Economic and historical context

• Pakistan emerged as an independent sovereign state on 14 August 1947, following the partition of British India.

• The Pakistani Rupee was introduced in 1948 to replace the Indian Rupee, initially pegged to the British Pound and later managed under various exchange rate regimes.

• The State Bank of Pakistan manages monetary policy, currency issuance, and inflation control.

• Pakistan’s economy is mixed, with agriculture, manufacturing, services, and remittances playing significant roles.

• The currency has experienced inflationary pressures and periodic devaluations but remains the sole legal tender.

Minting and production locations

• Pakistan Mint facilities in Karachi and Lahore produce coins; banknotes are printed domestically and by international printers.

Designs and symbols on coins and banknotes

• Coins and banknotes feature national symbols such as the crescent and star, historical monuments, cultural motifs, and portraits of national leaders including Muhammad Ali Jinnah.

Production volumes, honorees, and seals

• Detailed production volumes are not publicly disclosed.

• Commemorative coins and banknotes have been issued for national events and anniversaries.

Commemorative coins and curiosities

• Pakistan issues commemorative coins celebrating independence, cultural heritage, and significant historical events.

Current circulation status

• The Pakistani Rupee is the sole legal tender and actively circulating currency in Pakistan.

Issuing authority

• State Bank of Pakistan

Relevant monetary legislation

• Currency issuance and regulation are governed by the State Bank of Pakistan Act and related financial laws.

Names and titles of banknote signatories

• Banknotes bear the signature of the Governor of the State Bank of Pakistan.

List of persons honored on coins and banknotes

• Banknotes feature portraits of Muhammad Ali Jinnah and other national figures; coins highlight national emblems and cultural symbols.

Official languages recognized by the state for administrative, legislative, judicial, monetary, and educational use:
Urdu is the national language and widely used in official functions, while English is also an official language extensively used in government, legal, and educational contexts.