Pakistani 75-rupee note explained

The Pakistani 75-rupee notes are denominations of the Pakistani rupee. The notes were introduced to commemorate the 75th Independence of Pakistan and 75th anniversary of the State Bank of Pakistan.

Pakistan's 75th Independence Commemoration Note

The banknote was introduced by the State Bank of Pakistan (SBP) in14 August 2022 to commemorate Pakistan's 75 years of Independence.[1] The banknote is the second of its kind, following the issuance of a commemorative banknote in 1997 to mark Pakistan's golden jubilee.[1] [2] [3]

Design

Obverse

The note features a green and white design, showcasing portraits of Pakistan's founding figures: "Quaid-e-Azam" Muhammad Ali Jinnah, Fatima Jinnah, Allama Muhammad Iqbal, and Sir Syed Ahmed Khan on the front. These images are supposed to honor the determination and sacrifices of Iconic figures made for Pakistan's independence.

Reverse

On the back, there's a scene with Deodar(Cedrus Deodara) trees and the national animal, the Markhor. Created by Sara Khan, this design highlights Pakistan's commitment to protecting its natural environment.

Security Features

The Rs75 commemorative note is equipped with security features as with the other currency notes. These include the Urdu numeral '75' which appears complete when the note is held in the light, Pure Image security thread with pulsing holographic rainbow effect and micro-lettering of 'SBP' and '75', among others.

Moreover, the portraits and numbers on the note have raised printing, allowing identification of the banknote by the visually impaired.[4]

!Feature!Details
Denomination75 Pakistani Rupees (PKR)
Issue DateAugust 14, 2022
Commemoration75th Anniversary of Pakistan's Independence
ObverseImages of founding figures: Quaid-e-Azam Muhammad Ali Jinnah, Allama Iqbal, Sir Syed Ahmed Khan, and Fatima Jinnah
ReverseScenic view of K-2 mountain and Deodar trees symbolizing the natural beauty of Pakistan
ColorsDominant green and white, reflecting the national flag colors
Security FeaturesMicro text, security threads, watermarks, and tactile features for visually impaired
Dimensions147 mm x 65 mm

State Bank of Pakistan Anniversary Commemorative Note

On July 4th 2022, State Bank of Pakistan (SBP) Governor Jameel Ahmad introduced a commemorative Rs.75 banknote to celebrate the central bank's 75th anniversary.[5]

Design

Obverse

The predominantly blue banknote, chosen to convey the stability of a central bank, features a unique stylized sketch of the SBP building by renowned artist and calligrapher Syed Sadequain Ahmed Naqvi. This sketch appears alongside the traditional portrait of Quaid-e-Azam on the front.

Reverse

The back of the banknote reflects the SBP's commitment to “banking on equality,” featuring a portrait of Fatima Jinnah. It also underscores Pakistan's dedication to combating climate change, showcasing sustainable energy sources like wind turbines and solar panels.

!Feature!Details
75 Pakistani Rupees (PKR)
Issuing AuthorityState Bank of Pakistan
Issue DateSeptember 30, 2023
Commemoraton75th Anniversary of the State Bank of Pakistan
ObversePortraits of Quaid-e-Azam Muhammad Ali Jinnah and the SBP’s iconic headquarters building in Karachi
ReverseFeaturing a portrait of Fatima Jinnah, the banknote highlights Pakistan's commitment to climate action with images of sustainable energy sources, including wind turbines and solar panels.
Primary ColorsBlue and White
Dimensions147 mm x 65 mm
Security FeaturesSecurity thread, watermark of Quaid-e-Azam, microprinting, and tactile elements for accessibility
Unique AspectFirst PKR 75 note commemorating the institution itself, reflecting SBP’s role in Pakistan’s financial journey

Controversies regarding legal status

During Eid al-Fitr, shopkeepers across Pakistan refused to accept Rs. 75 notes, sparking rumors about the note’s possible demonetization. In response, SBP spokesperson Abid Qamar posted a video on the central bank’s official Twitter account, reassuring the public that the Rs. 75 commemorative note is fully valid for transactions. He explained that the SBP issues all currency under Section 25 of its Act, and the Rs. 75 note has no expiration date. Qamar also dismissed rumors that the government had withdrawn or discontinued the banknote.[6] [7] The commemorative note issued in 2022 for Pakistan’s 75th independence anniversary featured Quaid-e-Azam, Fatima Jinnah, Allama Iqbal, and Sir Syed Ahmad Khan. This selection stirred some debate, as certain individuals felt the omission of figures like Pakistan’s first Prime Minister, Liaquat Ali Khan, and Zulfiqar Ali Bhutto was significant.

Supply

Mr. Baksh explained Rs. 75 banknote, a legal tender, will not impact the overall money supply. Of the 4.3 billion notes being circulated this year, only 65 million will be the Rs. 75 denomination, making it a limited, one-time release.

Notes and References

  1. Web site: SBP unveils commemorative Rs75 banknote to mark Pakistan's diamond jubilee. The News International. 2023-05-20. 2023-05-20. https://web.archive.org/web/20230520183936/https://www.thenews.com.pk/latest/982292-sbp-unveils-commemorative-rs75-banknote-to-mark-pakistans-diamond-jubilee. live.
  2. Web site: [State Bank Officially Unveils Rs. 75 Commemorative Note State Bank Officially Unveils Rs. 75 Commemorative Note ]. Propakistani.
  3. Web site: SBP reveals Rs75 commemorative banknote . Express Tribune. 14 August 2022 .
  4. Web site: Rs75 commemorative banknote marks nation's pledge to tackle climate change. The Newspaper's Staff. Reporter. August 15, 2022. DAWN.COM. May 20, 2023. May 20, 2023. https://web.archive.org/web/20230520184538/https://www.dawn.com/news/1704978. live.
  5. Web site: Alam . Kazim . 2023-07-05 . New note marks 75 years of SBP's founding . 2024-11-09 . DAWN.COM . en.
  6. Web site: The Rs. 75 Bank Note is Still Fully Legal: State Bank . Propakistani.
  7. Web site: 2023-04-28 . Rs75 note like other currency notes is acceptable: SBP . 2024-11-08 . en-US.