State Bank of Pakistan Governor Jameel Ahmad has clarified that newly designed currency notes will not be available by Eid, as the printing process will begin only after approval from the federal cabinet.
He stated that preparations for issuing new currency notes are pending cabinet clearance, and therefore, the redesigned notes will not reach circulation before the upcoming Eid.
The governor also noted that Pakistan remains committed to a strict monetary policy agreement with the International Monetary Fund (IMF).
He further added that the country has already paid $6 billion in external debt and interest obligations.