H – Pakistan’s first Exchange Company. Granted license by the State Bank of Pakistan to carry out foreign exchange business. Limited is a leading exchange company in Forex rates in lahore. The company is one of the pioneers to start currency exchange business in the country.
Alhamdolillah, Emirates Global Islamic Bank Limited, a dedicated Islamic Commercial Bank, commenced operations in February 2007. The ZARCO Exchange Company is a respected financial institution that provides dependable Exchange and Transfer services to satisfied customers throughout Pakistan. In Pakistan, the rupee is also spelled as “rupees”, “rupaya” or “rupaye”. Rupee coin, made of silver, used in the state of Bahawalpur before 1947. Rupee coin, made of gold, used in the state of Bahawalpur before 1947. Indian rupees were stamped with Government of Pakistan to be used as legal tenders in the new state of Pakistan in 1947.
The word rūpiya is derived from the Sanskrit word rūpya, which means “wrought silver, a coin of silver”, in origin an adjective meaning “shapely”, with a more specific meaning of “stamped, impressed”, whence “coin”. It is` derived from the noun rūpa “shape, likeness, image”. The Pakistani rupee was put into circulation in Pakistan after the dissolution of the British Raj in 1947. Initially, Pakistan used British Indian coins and notes simply over-stamped with “Pakistan”. New coins and banknotes were issued in 1948.
Like the Indian rupee, it was originally divided into 16 annas, each of 4 pice or 12 pie. First Pakistani Rupee coin, made of nickel, 1948. Commemorative 20 rupees coin on the 150th year of Lawrence College Ghora Gali in 2011. 1 pie coins were added in 1951. In 1961, coins for 1, 5 and 10 pice were issued, followed later the same year by 1 paisa, 5 and 10 paise coins.
In 1963, 10 and 25 paise coins were introduced, followed by 2 paise the next year. 1 rupee coins were reintroduced in 1979, followed by 2 rupees in 1998 and 5 rupees in 2002. 2 paise coins were last minted in 1976, with 1 paisa coins ceasing production in 1979. The 5, 10, 25 and 50 paise all ceased production in 1996.
Paisa denominated coins ceased to be legal tender in 2013, leaving the 1 Rupee coin as the minimum legal tender. On 15 October 2015, the Pakistani government introduced a revised 5 rupee coin with a reduced size and weight and having a golden color, being made from a composition of copper-nickel-zinc, and also in 2016 a Rs. For table standards, see the coin specification table. Regular government issues commenced in 1948 in denominations of 1, 5, 10 and 100 rupees. The government continued to issue 1 rupee notes until the 1980s but other note issuing was taken over by the State Bank of Pakistan in 1953, when 2, 5, 10 and 100 rupees notes were issued.
Only a few 2 rupees notes were issued. 50 rupees notes were added in 1957, with 2 rupees notes reintroduced in 1985. All banknotes other than the 1 and 2 rupees feature a portrait of Muhammad Ali Jinnah on the obverse along with writing in Urdu. The reverses of the banknotes vary in design and have English text. The only Urdu text found on the reverse is the Urdu translation of the Prophetic Hadith, “Seeking honest livelihood is worship of God.