In a recent development, the State Bank of Pakistan (SBP) has dismissed rumors regarding the introduction of plastic banknotes. The SBP has categorically denied these speculations, labeling them as unfounded and incorrect.
The rumors, which have been circulating on multiple news platforms, suggested a shift from paper to polymer-based banknotes. However, the SBP has confirmed that no such plan is currently under review.
The SBP continues to use cotton-based paper for its banknotes. This material is predominantly sourced locally, courtesy of Security Papers Limited, thereby supporting domestic industries.
The SBP’s clarification comes in the wake of widespread misinformation about the supposed transition to plastic banknotes. The bank has urged the public to disregard these baseless reports.
SBP has reaffirmed its commitment to using locally produced cotton-based paper for its banknotes, debunking rumors of a switch to polymer notes. The bank continues to prioritize local industries, thereby contributing to the nation’s economic stability.
 has dismissed rumors regarding the introduction of plastic banknotes. The SBP has categorically denied these speculations, labeling them as unfounded and incorrect.){kind=link}