The State Bank of Pakistan (SBP) spent Rs. 29.6 billion on printing currency notes in FY2025-26, according to its financial reports.

The amount was Rs. 27.8 billion in the previous financial year, showing an increase of Rs. 1.8 billion, or around 6 percent.

The higher spending comes as more currency has entered circulation. Banknotes in circulation increased by Rs. 1.8 trillion during FY26, taking total currency in circulation to Rs. 12.659 trillion by the end of the year.

The cost of printing currency can also rise due to higher prices of paper, ink, transportation, and other related expenses.

Pakistan Security Printing Corporation (Private) Limited, a wholly owned subsidiary of the SBP, is responsible for printing the country’s currency notes.

The rise in currency circulation comes despite the rapid expansion of digital payments in Pakistan. The SBP has introduced several initiatives to promote digital transactions, including RAAST, its instant payment system.

The central bank may face further printing expenses as Pakistan moves toward introducing redesigned currency notes.