Pakistan Security Printing Corporation (Private) Limited (PSPC), a wholly owned subsidiary of the State Bank of Pakistan, has officially merged its recently acquired subsidiary, National Security Printing Company (Private) Limited (NSPC), with and into PSPC. The amalgamation took effect at the start of business on July 1, 2025, marking a significant step in consolidating Pakistan’s security printing operations under one umbrella to drive greater efficiency and innovation.
The merger follows PSPC’s acquisition of NSPC from the Federal Government, a move strategically designed to integrate resources, eliminate operational overlaps, and better align capabilities to serve both public and private sector demands. With this transition, NSPC has ceased to exist as a separate legal entity and has been dissolved without undergoing the traditional winding-up process. All of NSPC’s assets, liabilities, contracts, and obligations have now been fully absorbed by PSPC, ensuring a seamless continuation of services.
This development comes at a critical time when secure printing needs are becoming increasingly sophisticated, particularly with the growing emphasis on digitized financial instruments, anti-counterfeit technologies, and the broader digital transformation of Pakistan’s economy. PSPC’s consolidation of NSPC is expected to unlock substantial operational synergies, enabling more streamlined use of advanced printing technologies and fostering innovative approaches to secure document production.
For stakeholders and customers of the former NSPC, including various government departments, financial institutions, and private entities, this merger promises uninterrupted service under existing agreements. PSPC has reaffirmed its commitment to honoring all prior contracts and maintaining the same level of service quality, while simultaneously leveraging its expanded capacity to introduce more advanced solutions in the future.
The integration also positions PSPC to optimize its human and technical resources, creating stronger coordination across different service lines such as currency printing, specialized certificates, and other security-sensitive materials. This strategic move underscores the State Bank of Pakistan’s broader agenda to strengthen the country’s financial and regulatory infrastructure, reducing fragmentation and enhancing the resilience of systems that underpin Pakistan’s monetary operations.
Additionally, by consolidating the expertise and technological assets of both entities, PSPC aims to elevate the quality and security standards of its products. The merger is anticipated to drive innovation, with a focus on adopting new techniques that cater to evolving threats in counterfeiting and document fraud, ultimately safeguarding the integrity of Pakistan’s financial ecosystem.
Looking ahead, PSPC remains dedicated to deepening its relationships with clients across the public and private sectors. The corporation views this merger as an opportunity to deliver superior, technologically advanced security printing solutions that not only meet but exceed market expectations.
In a statement, PSPC expressed appreciation for the continued trust of its partners and customers, emphasizing its objective to harness this consolidation to set new benchmarks in the industry. As Pakistan’s sole entity responsible for printing banknotes and other high-security documents, PSPC’s expanded footprint after the merger is poised to reinforce its central role in supporting the nation’s economic framework through robust, reliable, and future-ready printing services.