Pakistan Security Printing Corporation

Pakistan Security Printing Corporation (Pvt.) Ltd

Contact Info

021-99248511-15
info@pspc.gov.pk
Security papers Mosque, Jinnah Ave, Pakistan Security Printing Corporation, Karachi, Karachi City, Sindh

History of PSPC

History

The history of Pakistan Security Printing Corporation (PSPC) is marked by significant milestones that have shaped its evolution into the country’s premier security printing organization.

Early Years & Establishment

March 10, 1949 – PSPC was established as a joint venture between the Government of Pakistan (60% ownership) and Thomas De La Rue International (UK) (40% ownership).
1952 – Printing operations commenced following the construction of PSPC’s first factory.

Expansion & Industrial Growth

1965 – The Security Papers Limited (SPL) was established to manufacture banknote paper within Pakistan. This significantly reduced PSPC’s reliance on imported security paper.
1982 – A new banknote factory building was constructed, equipped with modern printing machinery. The existing banknote production was shifted to the new facility, enhancing PSPC’s capacity and efficiency.
1995 – PSPC reduced its dependence on imported security inks by forming a joint venture with SICPA (Switzerland). This led to the establishment of a local ink manufacturing facility, ensuring high-quality and locally produced security inks for banknote printing.

Modernization & Restructuring

2017 – The State Bank of Pakistan (SBP) officially took over banknote and prize bond printing operations from PSPC, streamlining Pakistan’s currency management and enhancing security protocols.
2017 (May 18) – A Business Transfer Agreement was signed between PSPC and NSPC (National Security Printing Company), transferring all security printing operations (other than banknotes and prize bonds) to NSPC.
A Common Facilities & Cost-Sharing Agreement was also signed, ensuring seamless collaboration between PSPC and NSPC for security printing services.

Today, PSPC stands as a pioneer in security printing in Pakistan, continuously enhancing its capabilities through cutting-edge technology, strategic partnerships, and a commitment to excellence. As the nation’s premier security printing entity, PSPC remains dedicated to supporting Pakistan’s financial stability and safeguarding the integrity of critical documents.

PSPC supports SBP in its currency management policy by ensuring that the production of Banknote and Prize Bond from printing to packing is as per required indent and specification of denominations.