SBP issues commemorative coin


KARACHI: The State Bank of Pakistan (SBP) on Friday issued a 70 rupee commemorative coin to mark the 70th anniversary of diplomatic relations between Pakistan and Germany.

Diplomatic relations between Germany and Pakistan were established on October 15, 1951.

The SBP issued the coin during a ceremony at the SBP office in Islamabad, which was also attended by Foreign Secretary Sohail Ahmed and German Ambassador Bernhard Schlagheck.

Speaking on the occasion, SBP Deputy Governor Dr. Murtaza Syed paid tribute to the long-standing friendly relations between the two countries, highlighting the strong financial and banking relations, which have helped promote bilateral trade, remittances and investments.

German Ambassador Bernhard Schlagheck expressed his gratitude to the Pakistani government and the SBP for the ceremony and noted the design features of the coin. He also highlighted the historical significance of the buildings depicted, the Brandenburg Gate and the Minar-e-Pakistan. Schlagheck noted that Germany and Pakistan have a long history of development cooperation, reflected most recently by the ongoing visit of the German Deputy Development Minister.

Sohail Mahmood highlighted the cooperation between the two countries in various fields, including trade and investment, energy, environment, education, science and technology, defense and security. He noted that Germany is Pakistan’s largest trading partner in the European Union and appreciated the investment made by German institutions in Pakistan.

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