The 1947 Pakistan 5 Rupees banknote is one of the most historically significant paper currencies in South Asia. Issued right after the Partition of India, this note was originally printed by the Reserve Bank of India but later stamped with “Government of Pakistan” (حکومت پاکستان) in Urdu. It served as Pakistan’s first transitional currency until the establishment of the State Bank of Pakistan in 1948.

Design Features

• Obverse (Front): Portrait of King George VI wearing an imperial crown, with the text “Reserve Bank of India” and the Urdu overprint “Government of Pakistan.”
• Reverse (Back): Indian wildlife theme with deer and trees, denomination marked as Rs. 5, inscriptions in multiple Indian languages.
• Serial Number & Signature: Retains the original Indian design with governor’s signature, blending both Indian and Pakistani currency heritage.

Historical Importance

This banknote holds immense historical value as it represents the early days of Pakistan’s independence (1947). It was:

• The first paper money circulated in Pakistan after independence.
• A transitional note between Indian and Pakistani currency systems.
• A symbol of Pakistan’s economic sovereignty during its formative years.

Collectible Value

Today, the 1947–1948 5 Rupees Pakistan overprint note is highly prized by numismatists and collectors. Its value depends on its condition—ranging from Fine and Very Fine to Extremely Fine and Uncirculated. Due to its rarity and historical background, it remains a top choice among collectors of Pakistani and Indian banknotes.

Conclusion

The Government of Pakistan 5 Rupees overprint note (1947–48) is more than just currency—it is a piece of history reflecting the transition from colonial India to an independent Pakistan. Owning such a note means holding a tangible reminder of the birth of Pakistan’s financial system.