Pakistan Security Printing Corporation was created as a joint stock company on March 10, 1949 with 60% equity belonging to Government of Pakistan and the rest with M/s. Thomas De La Rue International of England. In 1971, Government of Pakistan further strengthened its control and became the sole owner of PSPC. The most recent stepping stone has been the acquisition of banknotes and prize bond function of PSPC by the State Bank of Pakistan (SBP). In 2017, SBP signed an agreement with the Federal Government and became the sole manufacturer of banknotes in the country. As one of the central function of SBP is to formulate the monetary policy, SBP gives utmost importance to the integrity and quality of banknotes. PSPC supports SBP in its currency management policy by ensuring that the production of banknotes and prize bonds from printing to packing is as per required indent and specifications of denominations, and that the delivery is as per the schedule provided by SBP-BSC. In doing so, it adheres to the Clean Note Policy of SBP and is engaged in improving the quality and security of banknotes, which is vital for maintaining public confidence in the national currency.