Pakistan’s federal government has approved new designs for the country’s currency notes and decided to replace the existing Rs10 banknote with a Rs10 coin. The decision was taken during a federal cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday, November 4, 2026.
The move is part of a wider plan to modernise Pakistan’s currency system, improve security against counterfeit notes and increase the durability of banknotes currently in circulation.
According to the Prime Minister’s Office (PMO), the cabinet approved the proposed currency designs on the recommendation of the Ministry of Finance.
New Pakistani Currency Notes to Feature Advanced Security
The redesigned banknotes will include advanced security features to make counterfeiting more difficult. The government aims to improve the protection of Pakistani currency and make it easier for banks and the public to identify fake notes.
During the cabinet meeting, officials briefed members about the design process. Artists, professional designers and experts from across Pakistan were invited to submit proposals for the new currency.
A special committee formed by the prime minister also consulted relevant stakeholders before finalising its recommendations.
The government plans to use modern and improved-quality materials in the production of new banknotes. These materials are expected to increase the lifespan of currency notes and reduce the need for frequent replacements.
Rs10 Note to Be Replaced With Rs10 Coin
One of the major decisions announced by the federal cabinet is the replacement of the Rs10 paper currency note with a Rs10 coin.
The decision aims to reduce the cost of printing and replacing low-denomination banknotes. Coins generally last longer than paper notes, making them a more durable option for everyday cash transactions.
The move is also expected to reduce the government’s expenses associated with maintaining and replacing damaged Rs10 notes.
However, the government has not announced when the new Rs10 coins will enter circulation or when the existing Rs10 banknotes will be withdrawn.
When Will New Currency Notes Be Issued in Pakistan?
Although the federal cabinet has approved the new currency designs, the government has not yet announced an official release date for the redesigned banknotes.
The next steps will involve the relevant authorities completing the production and issuance process.
The public should wait for official announcements from the State Bank of Pakistan (SBP) regarding the introduction of new notes and the replacement of existing currency.
Will Existing Rs10 Notes Become Invalid?
No immediate cancellation or exchange deadline has been announced for existing Rs10 banknotes.
The cabinet’s decision concerns replacing the Rs10 paper note with a coin, but it does not mean people must exchange their existing notes immediately.
The State Bank of Pakistan is expected to communicate the implementation schedule and any instructions regarding existing banknotes through its official channels.
Until an official withdrawal date and public instructions are announced, people should avoid believing unverified social media claims about the immediate cancellation of Rs10 notes.
Why Is Pakistan Changing Its Currency Notes?
Pakistan’s currency redesign initiative focuses on improving security, durability and the overall quality of banknotes.
Counterfeit currency remains a challenge for the financial system. Introducing modern security features can help reduce the risk of fake notes entering circulation.
The use of better materials may also reduce the cost of printing replacement notes over time.
With the latest cabinet approval, Pakistan has taken another step towards introducing a redesigned currency series and replacing the Rs10 banknote with a more durable coin.
