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500 Rupees
| Issuer | State Bank of Pakistan |
|---|---|
| Year | 1964-1971 |
| Type | Standard circulation banknote |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
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| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | Portrait watermark of Muhammad Ali Jinnah |
| Variants | Log in to see details |
| Comments |
P#19 spans a politically turbulent window — the Ayub Khan years through the early Yahya Khan period — during which Pakistan's western and eastern wings were pulling apart economically as well as politically. The 500-rupee denomination was the highest in circulation for most of this run, making it a note used almost exclusively by banks and large traders rather than the general public. Genuine retail circulation was negligible.
Printing domestically at Karachi rather than contracting abroad was a deliberate policy choice, part of a broader post-independence effort to build sovereign printing capacity. The Pakistan Security Printing Corporation had only recently matured into handling high-denomination work by this period. Watermark security was modest by international standards of the day.