Catalog
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| Issuer | Government of Pakistan |
|---|---|
| Year | 1948-1951 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Reference(s) | P#5 |
| Obverse description | Blue intaglio-printed note with an overall guilloche underprint. A crescent and star vignette appears within a circular medallion at the upper right, flanked on the left by a large Urdu numeral '5' set within an ornate scalloped cartouche. Urdu text inscriptions are arranged centrally, with the issuer title at the top and the denomination and payment obligation below, while a secondary numeral '5' appears at lower centre amid the fine-line guilloche work. Serial numbers are printed in black at upper left and upper right. |
|---|---|
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| Protection description | Crescent and star watermark |
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| Comments |
Pakistan's first banknote series was rushed into existence following Partition in August 1947. The Government of Pakistan had no printing infrastructure of its own, and an agreement with Thomas De La Rue allowed notes to be produced in London while the new state scrambled to establish its own monetary institutions. These early issues bore the Government of Pakistan's authority directly — the State Bank of Pakistan was not inaugurated until July 1948, after which it gradually absorbed note-issuing responsibility.
P#5 circulated during a period when the Pakistani rupee was still at parity with the Indian rupee, a monetary link that was severed in September 1949 when India devalued and Pakistan did not.