Pakistani coin in "Pirates of the Caribbean: On Stranger Tides" Poster ..:)

LOL ... So Jack Sparrow was one of us then :P

Lawrence College commemorative coins go on sale

May 28

To commemorate the 150th year of the Lawrence College Ghora Gali, Murree, the State Bank of Pakistan launched Rs20 commemorative coins on Saturday. The coins went on sale at the exchange counters of all the 16 field offices of the SBP Banking Services Corporation.

In the span of one week, it`s the second Rs20 commemorative coin that the SBP has introduced — the first was issued to celebrate the 60 years of the establishment of Pak-China diplomatic ties.

The heads, or obverse side of the coin, has the expanding crescent and a five-point star in the centre, signifying Pakistan`s flag. Islami Jamhooria Pakistan inscribed in Urdu can be seen over the crescent, below which the year 2011 is given. The number 20 in bold letters as well as in Urdu flank the star. A circle of beads along the rim of the coin adds a decorative element to it. The monogram of the Lawrence College is shown on the tails, or reverse side, of the currency coin. Along the periphery `150 Year Celebrations — Lawrence College Ghora Gali Murree` can be read in English.

Talking to Dawn chief spokesmen for the SBP Syed Wasimuddin said: “We`ve minted 100,000 coins. We`re giving no more than five pieces to one individual. It`s a legal tender. As for why Lawrence College Ghora Gali, it was the federal cabinet`s decision.”

The coin is composed of copper (75 per cent) and nickel (25pc). Its diameter is 30mm and it weighs 9.5 grams.

Coin on 60 years of Pak-China friendship

21st May

Pakistan formally launched Rs 20 commemorative coin, on the occasion of the 60th anniversary of establishment of diplomatic relations with China on Monday. Acting Ambassador of Peoples Republic of China Huang Xilian was the chief guest of the ceremony. The cupronickel coin (75 percent copper and 25 percent nickel), was issued in a quantity of 100,000 and was available to public at all offices of the State Bank of Pakistan. The coin’s head has waxing crescent moon and a five pointed star facing north-west in rising position are in the centre on the obverse side of the coin. Along with periphery on the top of the crescent star is inscribed in wording in Urdu script. On the reverse side of the coin, “60th” is inscribed in numeral wording in bold letters.

Coming to an end: Rs5 banknote to be demonetised next year

The State Bank of Pakistan (SBP) has said the circulation of Rs5 banknote will come to an end at the start of January 2012 and has asked people to exchange it from its offices and commercial bank branches.

In addition to this, SBP has reminded people that the bigger size and old-design Rs500 banknote will cease to be legal tender from October 1 this year.

In an announcement on Friday, SBP said that for the benefit of people it had supplied posters regarding demonetisation and exchange of banknotes of Rs500 (old design) and Rs5 to SBP Banking Services Corporation and commercial banks for placement at prominent and visible places of their field offices and branches as well as public places.

The old-design Rs500 banknote was introduced on April 1, 1986 while Rs5 banknote was introduced on July 8, 2008.

Published in The Express Tribune, July 9^th, 2011.

SBP Notice: Old Rs500 notes will cease to exist in Oct

The State Bank of Pakistan (SBP) has reminded people that they should exchange the old and bigger sized banknote of Rs500 from offices of the SBP Banking Services Corporation (BSC) and branches of commercial banks by September 30 this year. “Old design banknote of Rs500 denomination (introduced on April 1, 1986) will be demonetised with effect from October 1, 2011,” the SBP said in an announcement on Saturday. In this regard, the SBP said, it had provided posters to BSC offices and banks, asking them to place these at prominent places in their branches. However, the new design and small size Rs500 notes will continue to be the legal tender.

Published in The Express Tribune, June 12th, 2011.

Mr. Yaseen Anwar takes over as Acting Governor State Bank of Pakistan

Mr. Yaseen Anwar today(19 July 2011) took over as Acting Governor, State

Bank of Pakistan following the acceptance of the resignation of SBP

Governor, Mr. Shahid H. Kardar.

The Federal Government last night notified the acceptance of

the resignation of Mr. Kardar and appointment of Mr. Anwar as

Acting Governor, SBP under the State Bank of Pakistan Act, 1956.

Mr. Anwar was also the Acting Governor, SBP from June 3 to

September 8, 2010 after the resignation of the former Governor, Syed

Salim Raza.

Mr. Anwar, who has been serving the State Bank as its Deputy

Governor since 29th March 2007