Pakistan Security Printing Corporation is a Pakistani securities printing company based in Karachi. It is a subsidiary of the State Bank of Pakistan. It prints security notes and prize bonds.
History
Pakistan Security Printing Corporation was established in 1949 for the printing of securities including currency notes for the federal government.[1]
In 1995, Pakistan Security Printing Corporation formed a joint venture with SICPA to form SICPA Pakistan with a production facility in Karachi.[2][3] SICPA Pakistan produces security inks used in banknotes of all denominations, as well as other security documents such as passports, postage stamps, and stamp papers.[2][3]
In July 2017, it was acquired by the State Bank of Pakistan from the Government of Pakistan for ₨100 billion.[1] In the same year, National Security Printing Company was incorporated which took over tasks of printing passports, national identity cards, and stamp papers from Pakistan Security Printing Corporation.[4]
In August 2024, National Security Printing Company was merged into Pakistan Security Printing Corporation.[5]
Companies
Security Papers Limited
Security Papers Limited is a majority-owned company of the Pakistan Security Printing Corporation.[6] It was founded in 1965 as a joint venture among Pakistan, Iran, and Turkey to manufacture banknotes and security papers. In 1967, it was listed on the Karachi Stock Exchange.[7] In 1969, it began commercial operations.[7]
In March 2025, Security Papers Limited (SPL) awarded a paper machine upgrade project worth Rs3.4 billion to a German firm Giesecke+Devrient (G+D).[8]
See also
- SAMA Money Museum
- The Security Printing Corporation (Bangladesh) Ltd.
References
- Shahbaz Rana. Govt sells Pakistan Security Printing Corporation to SBP for Rs100b The Express Tribune, 6 July 2017^
- SICPA Pakistan: Empowering the future through education and social impact Brecorder, August 1, 2023^
- SICPA Inks Pakistan (Pvt) Limited Brecorder, August 1, 2017^
- The Newspaper's Staff Reporter. SBP acquires Security Printing Corporation DAWN.COM, 6 July 2017^
- Zafar Bhutta. Cabinet approves merger of printing firms The Express Tribune, August 25, 2024^
- Babar Nizami, Areeba Fatima. Is the SBP taking minority shareholders of Security Papers for a ride? Profit by Pakistan Today, August 6, 2023^
- B. R. Research. Security Papers Limited Brecorder, February 12, 2024^
- Salman Siddiqui. New design banknotes: Rs3.4bn paper machine upgrade project awarded to German firm Brecorder, 2025-03-18, retrieved 2025-03-18^