Rs10 coin to be introduced: Cabinet clears designs for new banknotes

Pakistan’s federal cabinet approved redesigned banknotes and a Rs10 coin to replace the current denomination, Business Recorder reported. The Prime Minister’s Office said the new notes will use stronger anti-counterfeiting features and modern materials intended to last longer in circulation. No date was given for when either the notes or coin would be issued.

Design proposals were sought from artists and designers across the country, then reviewed by a committee that consulted relevant stakeholders. The cabinet also ratified a defence cooperation agreement with Kuwait and approved additional responsibilities for the Khyber Pakhtunkhwa governor under governor’s rule. Separately, Prime Minister Shehbaz Sharif said a fuel subsidy had reached 15 million people, with Rs28 billion spent, and that a proposed Rs160 billion package for KP had been finalised.