PSPC Completes Amalgamation of NSPC

The Pakistan Security Printing Corporation (PSPC), responsible for producing banknotes and secure documents, has announced the successful merger of its subsidiary, National Security Printing Company (NSPC). The amalgamation took effect on July 1, 2025.

The State Bank of Pakistan (SBP) released a statement on Tuesday, noting, “Due to this amalgamation, all assets, liabilities, rights, obligations, undertakings, and contracts of NSPC are now permanently integrated and vested in PSPC.”

Following the merger, NSPC no longer exists as a separate legal entity and has been dissolved without liquidation, as stated in the announcement.

PSPC, a wholly owned subsidiary of the SBP, initially acquired NSPC from the federal government.

The central bank indicated that the acquisition was implemented to leverage operational synergies and improve customer value.

“This strategic move will optimize resource management and enhance coordination in delivering secure printing services. It also offers an opportunity to provide customers with superior, innovative products.”

“All NSPC stakeholders and clients in both the public and private sectors will continue to receive uninterrupted services under existing arrangements. PSPC is fully dedicated to fulfilling its commitments and aims to collaborate with customers to deliver top-tier products and services,” the SBP affirmed.

In October of the previous year, the Competition Commission of Pakistan (CCP) sanctioned the acquisition of 100% of the equity shares of National Security Printing Company (Private) Limited by Pakistan Security Printing Corporation (Private) Limited. This marked a significant advancement in the restructuring of Pakistan’s secure printing sector.

PSPC is responsible for printing currency notes and prize bonds on behalf of the central bank. Meanwhile, NSPC, now dissolved, was involved in printing essential secure documents, including passports, degrees, checks, and various government stamps.