100 Rupees

Pakistan's first independent currency issues were printed by De La Rue in London and rushed into service after Partition — the State Bank of Pakistan did not open until July 1948, meaning the Government of Pakistan itself acted as the issuing authority in the interim. These early notes were produced under considerable time pressure, with the new state needing a functioning currency before the transitional arrangements with the Reserve Bank of India expired.

P#7 is among the higher-denomination notes of this inaugural series and is genuinely scarce in any grade — circulation was heavy, paper stocks were not always well-stored in the subcontinent's climate, and few examples survived intact.