ISLAMABAD: Pakistan may witness the circulation of new banknotes next year, it emerged on Wednesday, as the central bank is evaluating the viability of introducing plastic currency in the country.
The issue came up for discussion during a meeting of the Senate Standing Committee on Finance and Revenue, presided over by Senator Saleem Mandviwalla.
Plastic currency refers to banknotes made from polymer, a durable plastic material, instead of traditional paper. These banknotes are more resistant to wear and tear, harder to counterfeit and often include advanced security features like transparent windows and holograms.
They are used in several countries, including Australia and Canada.
“The Committee reviewed issues regarding digital and plastic currency,” said an official statement released after the meeting. “Governor State Bank Jameel Ahmed reported that new currency notes are being developed and that the life span of plastic notes is under evaluation.”
“It was briefed that State Bank will internally finalize the prerequisites of introducing new currency notes by December,” the statement added.
The top central bank official said the plastic currency would be tested and issued based on public acceptance.
He also assured that the new currency would include enhanced security features.
Pakistan plans to unveil new plastic currency notes next year
https://arab.news/859kj
Pakistan plans to unveil new plastic currency notes next year
- The top central bank official says the new currency will have enhanced security features
- The bank will test the plastic currency and begin to circulate it after public acceptance
Farhan’s maiden ton fires Pakistan into T20 World Cup Super Eight
- Sahibzada Farhan remained unbeaten with 100 off 58 balls, guiding Pakistan to 199 in Group A clash
- Pakistan’s Usman Tariq, Shadab Khan take four, three wickets, respectively, to dismiss Namibia for 97
Pakistan became the final team to qualify for the Super Eight of the Twenty20 World Cup after Sahibzada Farhan’s maiden international century powered them to a thumping 102-run victory over Namibia in Colombo on Wednesday.
Farhan remained unbeaten on exactly 100 off 58 balls, reaching his landmark in the final over as Pakistan posted 199 in their must-win Group A encounter at the Sinhalese Sports Club Ground.
The opener’s explosive knock featured 11 boundaries and four sixes, with skipper Salman Agha contributing a useful 38 and Shadab Khan adding an unbeaten 36 that included two sixes in the final over of the innings.
Namibia’s chase never gained momentum despite a promising start from opener Louren Steenkamp, who raced to 23 before the African side began losing wickets at regular intervals.
Shadab (3-19) proved instrumental with the ball as well, dismissing skipper Gerhard Erasmus before having Alexander Busing-Volschenk stumped for 20 when the middle-order batter charged down the pitch as the required run rate mounted.
Spinner Usman Tariq cleaned up the tail and finished with career-best figures of 4-16 as Namibia were dismissed for 97, ending their World Cup campaign without a win to finish bottom of the group.
