Bank notes

Published July 31, 2012

Pakistani rupees — File Photo
Pakistani rupees — File Photo

KARACHI: The State Bank of Pakistan will use the large network of over 10,000 branches of commercial banks for distribution of fresh currency notes to the general public during Ramazan.

The SBP Banking Services Corporation has made elaborate arrangements for the supply of adequate quantity of fresh currency notes, particularly of small denominations (Rs10 to Rs100) to commercial banks depending upon their branch network.

According to SBP here on Monday, the branches of commercial banks will issue only one packet each of Rs10 and Rs20 per person to the visiting general public/account holders from August 1, 2012 till the last working day before Eidul Fitr (or until the stock ends) on presentation of original Computerised National Identity Card along with the photocopy of it for record.

Banks’ branches, however, may also issue a maximum of five packets each of Rs10 and Rs20 denomination fresh notes to their corporate clients on receipt of request on the company’s letterhead duly signed by the authorised representative.—APP

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
06 May, 2024

Appointment rules

IT appears that, despite years of wrangling over the issue, the country’s top legal minds remain unable to decide...
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....