The Federal Government of Pakistan has authorised the State Bank of Pakistan (SBP) to issue a commemorative coin of Rs50 to celebrate the Golden Jubilee of the Senate of Pakistan in 2023.
The coin, which has a round shape milled with a dimension of 30.0 mm, weight of 13.5 grammes, and Cupro-Nickel metal contents (Copper 75 per cent & Nickel 25 per cent), shall be issued through the exchange counters of all field offices of SBP Banking Services Corporation starting from March 17, 2023.
The Senate of Pakistan, also known as Aiwan-e-Bala Pakistan and constitutionally referred to as the House of the Federation, is the upper legislative chamber of the bicameral parliament of Pakistan. As a permanent House with equal representatives from all provinces of the country, the Senate symbolizes continuity in national affairs.
The issuance of the commemorative coin is a fitting tribute to the Golden Jubilee of the Senate of Pakistan and underscores the significance of this occasion. It is expected to serve as a lasting reminder of the Senate’s contribution to Pakistan’s democratic process and its role in shaping the country’s political landscape.
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