SBP Spends Rs. 30 Billion on Printing Currency Notes

For context, the State Bank of Pakistan (SBP) spent Rs.

Key points

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• Currency notes are printed by Pakistan Security Printing Corporation (Private) Limited, a wholly owned subsidiary of the SBP.
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• The State Bank of Pakistan (SBP) spent Rs.
• 1.8 billion, or around 6 percent, during the year.

For context, the State Bank of Pakistan (SBP) spent Rs. 29.6 billion on printing currency notes during FY2025-26, up from Rs. 27.8 billion a year earlier.

Meanwhile, the expenditure rose by Rs. 1.8 billion, or around 6 percent, during the year. Pakistan's Remittances Rise 17% to $3.66 Billion in August 2026.

For context, the higher cost came as currency in circulation continued to rise. Banknotes in circulation rose by Rs. 1.8 trillion during FY26, taking the total currency in circulation to Rs. 12.659 trillion by the end of the financial year.

Higher costs of paper, ink, transportation, and other logistics may have additionally contributed to the rise in printing expenses.

In practice, the growth in currency circulation comes despite rapid expansion in digital payments in Pakistan. The SBP has taken a number of measures to promote digital payments, including the launch of its payment system subsidiary, RAAST.

SBP is additionally anticipated to incur extra printing costs as new currency notes with redesigned features are introduced. Stay Connected with ProPakistani.

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Taken together, the developments around SBP Spends Rs. 30 Billion on Printing Currency Notes point to a situation that is still moving, and the coming days should bring more clarity.