The State Bank of Pakistan has been authorised to issue a commemorative coin of Rs 50 to celebrate the Golden Jubilee of the Senate of Pakistan in 2023 by the federal government.
The coin, which has a round shape milled with a dimension of 30.0 mm, weight of 13.5 grammes, and is made of 75 percent copper and 25 percent nickel, shall be issued through the exchange counters of all field offices of SBP Banking Services Corporation from March 17, 2023.
The Senate of Pakistan is the upper legislative chamber of the bicameral parliament of Pakistan. It is also known as Aiwan-e-Bala Pakistan and constitutionally referred to as the House of the Federation. 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.