Art competition for Pakistani banknote design clarified as engagement, not selection; final designs by international firms, printing after 2025 federal approval.
The State Bank of Pakistan (SBP) clarified that an art competition held for new banknote designs was solely to engage artists and the public, not to select actual designs. Reputable international firms will create the final designs, with proposals due by December 2024. The SBP emphasized that the competition's winners illustrated artistic merit related to religious diversity, and urged the public to dismiss misconceptions about the designs. Printing will begin after federal approval in 2025.
September 12, 2024
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