The Pakistani Currency Information for my readers

In 1947, provisional issues of banknotes were made, consisting of Government of India and Reserve Bank of India notes for 1, 2, 5, 10 and 100 rupees overprinted with the text "Government of Pakistan" in English and Urdu. 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 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. In 1986, 500 rupees notes were introduced, followed by 1000 rupees the next year. 2 and 5 rupees notes were replaced by coins in 1998 and 2002. 20 rupee notes were added in 2005, followed by 5000 rupees in 2006.

All banknotes other than the 1 and 2 rupees feature a portrait of Quaid-e-Azam 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."

The banknotes vary in size and colour, with larger denominations being longer than smaller ones. All contain multiple colours. However, each denomination does have one colour which predominates. All banknotes feature a watermark for security purposes. On the larger denomination notes, the watermark is a picture of Jinnah, while on smaller notes, it is a crescent and star. Different types of security threads are also present in each banknote.

1 rupee note from1949

2 rupee note from1949

Governor State Bank Zahid Hussain

1 rupee note from1953

Governor State Bank Abdul Qadir

100 rupee note year 1960

Governor State Bank Aftab Qazi

rupee note from1972

Governor State Bank Ghulam Ishaq Khan

5 rupee note from1972

Governor State Bank Ghulam Ishaq Khan

10 rupee note from1972

Governor State Bank Ghulam Ishaq Khan

50 rupee note from 1972

Governor State Bank Ghulam Ishaq Khan

100 rupee note 1972
Governor State Bank Ghulam Ishaq Khan

1 rupee note from 1974

Governor State Bank Abdul Rauf

1 rupee note from 1974

Governor State Bank Hasib Ullah Baig

5 rupee note from 1976

Governor State Bank Usman Ali

10 rupee note from 1976

50 rupee note from 1976

Governor State Bank: Aftab Qazi

100 rupee note 1976

Governor State Bank Usman Ali

100 rupee note year 1984 - 2006

Governor State bank Madam Shamshad Akhtar

500 note year 1986
Governor State Bank Aftab Qazi

1000 rupee note 1988
Governor State Bank Wasim Aun Jafri

5 rupee note 1997 (special Golden Jubilee of Pakistan celebration Note)

Governor State Bank Muhammad Yaqoob

20 rupee note 2005
Governor State Bank Ishrat Hussain



10 rupee note from 2006
Governor State Bank Madam Shamshad Akhter

100 rupee from 2006

500 rupee note from year 2006

5000 rupee year from 2006

Present Coins of 1, 2 and 5

What is Compensation Management?

Human Resource is the most vital resource for any organization. It is responsible for each and every decision taken, each and every work done and each and every result. Employees should be managed properly and motivated by providing best remuneration and compensation as per the industry standards. The lucrative compensation will also serve the need for attracting and retaining the best employees.

Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It is an organized practice that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees.
Compensation is an integral part of human resource management which helps in motivating the employees and improving organizational effectiveness.

Components of Compensation System

Compensation systems are designed keeping in minds the strategic goals and business objectives. Compensation system is designed on the basis of certain factors after analyzing the job work and responsibilities. Components of a compensation system are as follows:



Types of Compensation

Compensation provided to employees can direct in the form of monetary benefits and/or indirect in the form of non-monetary benefits known as perks, time off, etc. Compensation does not include only salary but it is the sum total of all rewards and allowances provided to the employees in return for their services. If the compensation offered is effectively managed, it contributes to high organizational productivity.


Direct Compensation

Indirect Compensation

Need of Compensation Management

• A good compensation package is important to motivate the employees to increase the organizational productivity.



• Unless compensation is provided no one will come and work for the organization. Thus, compensation helps in running an organization effectively and accomplishing its goals.



• Salary is just a part of the compensation system, the employees have other psychological and self-actualization needs to fulfill. Thus, compensation serves the purpose.



• The most competitive compensation will help the organization to attract and sustain the best talent. The compensation package should be as per industry standards.

Strategic Compensation

Strategic compensation is determining and providing the compensation packages to the employees that are aligned with the business goals and objectives. In today’s competitive scenario organizations have to take special measures regarding compensation of the employees so that the organizations retain the valuable employees. The compensation systems have changed from traditional ones to strategic compensation systems.