By Business Reporter
KARACHI: The State Bank of Pakistan says it will issue a Rs50 Sir Syed Ahmed Khan commemorative coin from October 17, the birth anniversary of the renowned Muslim scholar. “Sir Syed Ahmed Khan was a renowned author, educationist and Muslim reformer of the 19th Century, who laid the foundation of the Muslim renaissance in the Indo-Pak sub-continent, which ultimately led to the creation of Pakistan in 1947,” the SBP press release said.
On October 17, 2017, which was the 200th birth anniversary of Sir Syed Ahmed Khan, the government had authorized the central bank in order to recognize the services rendered by Sir Syed Ahmed Khan towards the welfare of the Muslims of South Asia, it said. These coins will be issued through the exchange counters of all the field offices of the SBP Banking Services Corporation from October 17, 2018. The central bank has already shared the design of the coin, which weighs 13.5 grams and is made of copper (75%) and nickel (25%). The front is much like the Rs5 coin. On the reverse, there is a profile of Sir Syed Ahmed Khan in the center and his name is inscribed below the portrait.