According to the statement, the local artists, designers and art students/designers are eligible to participate in the Art Competition. It said, the participants may develop the designs on the themes, including but not limited to, social and cultural identities, demographic diversity, climate change and environment protection, economic development, natural landscapes, architectural heritage and national symbols.
The artists are expected to come up with novel designs and ideas, the statement said adding the designs should be submitted to Director, Finance Department, State Bank of Pakistan, I.I. Chundrigar Road, Karachi, by 11th March 2024.
The Art Competition will be conducted under the following terms and conditions:
a) The Participants can share design of all the seven (07) existing denominations (Rs. 10, 20, 50, 100, 500, 1000 and 5000) or fewer denominations based on their choice.
b) Design for each banknote shall be presented in hard copy on white paper along with a writeup of not more than hundred words in English or Urdu, explaining the design and its theme.
c) The colours of each banknote denomination should be unique and easily distinguishable.
d) A Jury comprising reputed artists will evaluate the designs and recommend the top six (06) designs for each denomination to the SBP for picking the top 3 designs of each denomination.
e) The first, second and third designs of each denomination will be given the prize of Rs.1,000,000/-, Rs.500,000/- and Rs.300,000/- respectively.
f) The participants shall ensure that their submitted designs are free from any copyright claims and/or any liabilities.
g) The members of the Jury, SBP and its subsidiaries employees and their family members shall not be eligible to participate in the Art Competition.
h) The designs submitted in the Art Competition will be sole property of the SBP and the SBP will be at liberty to share the design or any modification thereof with the banknote designers for the purpose of banknotes designing, without any extra compensation.
Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what…
A rare snake species known as the blunt-nosed viper and other reptiles, especially the geico…
As Pakistan prepares to celebrate the birthday of the Holy Prophet Muhammad (PBUH) on September…
PCB Director High-Performance, Tournament Director Champions One Day Cup Nadeem Khan has said that the…
The Health experts addressing a symposium on Saturday stressed lifestyle changes to prevent diabetes which…
Pakistan's combined contingent is all set to participate in the 5th World Nomad Games, scheduled…
Leave a Comment