"Pakistan Note Payment Refused"

After the partition of Indian sub-continent into Pakistan and India in 1947, British India banknotes were used in the newly created country of Pakistan.  For emergency use, in the absence of a Bank of Pakistan to dictate monetary policy, the Reserve Bank of India overprinted “Government of Pakistan” on banknotes for circulation in Pakistan. 

Shown below is a 10 Rupees banknote From British India before the partition and with the stamp of the new Government of Pakistan.

Some of these banknotes made its way back into India at the time of the partition.  Resourceful Indians tried to use the banknotes by erasing the overprint. When detected by government authorities, they counter marked the banknotes with “Pakistan Note, Payment Refused.”  This is one of the rare oddities from the partition of the Indian sub-continent to India and Pakistan.  

SBP to Issue Rs. 5 Coin of New Size & Changed Metal Composition

The State Bank of Pakistan will issue Rs. 5 coin of new size and changed metal composition. These coins will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from 15th October 2015.

5 Rupees (October 15, 2015)

Dimension - 18.5 mm, Weight - 3 gms

Material - Cupro Nickel (Copper 79%, Zinc 20% & Nickel 1%)

Further, it may be noted that the existing Rs.5/- coin will also be in circulation along with new coin. The existing 5 Rs. coin is 24 mm in diameter weighing 6.5 gms with composition of Copper 75% & Nickel 25%.

SBP denies plans to introduce 10,000 Rupee note

According to a SBP (State Bank of Pakistan) press release of August 18th, 2015, SBP "categorically denies the news item reported in a section of press and electronic/social media regarding its plans to issue new banknote of Rs. 10,000/- The SBP has no plans whatsoever for issuance of any higher denomination banknote as seven denominations of existing banknotes are adequately meeting the business/transactional needs of the economy." At present the largest denomination remains the 5,000 rupee note.

Our Numbering System

The numbering system we use currently to denote numeric values is the Indian Numbering System which is based on the Vedic numbering system in which numbers over 9,999 are written in two-digit groups (or a mix of two- and three-digit groups) rather than the three-digit groups used in most other parts of the world.

In Pakistan we do not use this numbering system in English media but only in Urdu & other regional languages.

Commonly we use Laakh and Carore for Hundred Thousand and Ten Million respectively.  Some of us also know that beyond carore we can use Arab and Kharab, but many of us don't know beyond that. Following is the table of numerical values with their names in Indian Numbering System just for your knowledge.

Know Your Currency Note - Rs. 10

Courtesy: State Bank of Pakistan

Know Your Currency Note - Rs. 20

Courtesy: State Bank of Pakistan

Know Your Currency Note - Rs. 50

Courtesy: State Bank of Pakistan

Know Your Currency Note - Rs. 100

Courtesy: State Bank of Pakistan

Know Your Currency Note - Rs. 500

Courtesy: State Bank of Pakistan

Know Your Currency Note - Rs. 1000

Courtesy: State Bank of Pakistan