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500 Rupees

Issuer State Bank of Pakistan
Year 1986-2006
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Printer Pakistan Security Printing Corporation
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Obverse description Portrait vignette of Mohammad Ali Jinnah, founder of Pakistan, at right, rendered in intaglio with fine line engraving; Urdu text of the bank name and denomination in stylised calligraphy at upper center, flanked by guilloche underprint in green and teal tones. A circular watermark window appears at left, with the serial number printed twice in black letterpress at upper left and lower right.
Obverse lettering بینک دولت پاکستان
پانچ سو روپیے
حامل ہذا کو طلب پر ادا کرے گا
حکومت پاکستان کی ضمانت سے
قلم دستخط گورنر
بینک دولت پاکستان
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Comments

P#42 spans two decades and at least four distinct signature combinations, reflecting the turnover of State Bank governors across a period of considerable political instability — military rule under Zia ul-Haq, the civilian governments of Benazir Bhutto and Nawaz Sharif, and then Musharraf's coup of 1999. Collectors assembling a complete signature run need a minimum of six variants to close the set.

Printed domestically by the Pakistan Security Printing Corporation rather than contracted abroad, which was not always the case for earlier high-denomination Pakistani issues. The watermark remains the sole security feature by modern standards — a notable vulnerability for a note that stayed in production into the early 2000s.

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