Pakistan formally launched Rs 20 commemorative coin, on the occasion of the 60th anniversary of establishment of diplomatic relations with China on Monday. Acting Ambassador of Peoples Republic of China Huang Xilian was the chief guest of the ceremony. The cupronickel coin (75 percent copper and 25 percent nickel), was issued in a quantity of 100,000 and was available to public at all offices of the State Bank of Pakistan.
Speaking at the launching ceremony, Finance Minister Dr Abdul Hafeez Shaikh said that Pakistan acknowledged steadfast support given by China in developing mega projects like the Karakoram Highway, the Gwadar Port, Heavy Engineering Industries and Chashma power plant. Reciprocating the gesture of goodwill by launching Rs 20 coin, Chinese Ambassador Haung Xilian said his country valued Pakistan, as an important partner and their friendship had been good for the people of both countries in the field of trade and economic development.
The coin’s head has waxing crescent moon and a five pointed star facing north-west in rising position are in the centre on the obverse side of the coin. Along with periphery on the top of the crescent star is inscribed in wording in Urdu script. On the reverse side of the coin, “60th” is inscribed in numeral wording in bold letters.