Pakistan Security Printing Corporation
From Wikipedia, the free encyclopedia
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.
| |
| Type | Government |
|---|---|
| Industry | Security printing |
| Founded | 1949 |
| Headquarters | , |
Key people | Jameel Ahmed (Governor - State Bank of Pakistan) (Chairman) Arshad Mehmood Bhatti (Executive Director - State Bank of Pakistan) (Managing Director) |
| Products | Currency notes, Prize Bonds (1949–Present) |
Number of employees | 1500+ |
| Parent | State Bank of Pakistan |
| Website | www |
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 Rs. 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]