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1. ISSUE OF NOTES
State bank of Pakistan has monopoly in issuing currency notes. 5, 10, 50, 100-rupee notes
are issued by the bank on 12 July 1976. Note of 500 rupees was issued on 1st April 1986 and
1000-rupee note was issued on 18th July 1987. At present note of Rs.5000 is also issued by
the state bank of Pakistan. The state bank has three offices of issue, situated at Karachi,
Lahore and Peshawar.
7. CONTROLLER OF CREDIT
A national credit consultative council was setup in 1972 for the purpose of monitoring and
controlling credit. Credit and investment are the most important economic and fiscal variable.
State bank helps to arrange the credit and investment facilities. State bank has adopted
following tools to control credit:
Conclusion:
All above points are showing that state bank of Pakistan has an important position in our
economic and financial infrastructure. Without an effective role of state bank, economic
development is impossible.