10 Rupees

Pakistan's first banknote series was issued under the Government of Pakistan rather than a central bank — the State Bank of Pakistan didn't open until July 1948, and even then the government retained direct note-issuing authority for these early denominations. The notes were effectively a sovereign declaration printed in London before the new state had fully assembled its own financial institutions.

Thomas De La Rue supplied the entire inaugural series, a practical choice given the urgency of partition — Pakistan needed circulating currency within weeks of independence in August 1947.