KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that the banknote designs that won the art competition have not been shortlisted for the new series.

The actual designs of the proposed new series are being designed by reputed international firms selected through a competitive process. The firms will submit their proposals by December, and the finalised designs duly approved by the SBP board will be submitted to the federal government for approval by January next for the start of the printing process.

However, the SBP also clarified that a section of the media and the public had interpreted the art competition results as a shortlisting of the new banknote series. The aim of announcing the art competition results, however, was only to appreciate the efforts of the artists and encourage them with monetary prizes.

Published in Dawn, September 13th, 2024

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

Opinion

Editorial

More than words
Updated 04 Apr, 2025

More than words

Holistic development can only work when there is organic and credible political activity in the province.
Poor publicity
04 Apr, 2025

Poor publicity

FORTUNE does not seem to be favouring the PTI — at least not yet. With the party’s founder confined from public...
Party pooper
04 Apr, 2025

Party pooper

INDIA’s role of a spoilsport is tiresome. From pulling books from shelves, such as Wendy Doniger’s The Hindus: ...
Canal unrest
Updated 03 Apr, 2025

Canal unrest

With rising water scarcity in Indus system, it is crucial to move towards a consensus-driven policymaking process.
Iran-US tension
03 Apr, 2025

Iran-US tension

THE Trump administration’s threats aimed at Iran do not bode well for global peace, and unless Washington changes...
Flights to history
03 Apr, 2025

Flights to history

MOHENJODARO could have been the forgotten gold we desperately need. Instead, this 5,000-year-old well of antiquity ...