 After the establishment of Pakistan , Pakistani currency notes had the image of George V printed on them . These notes were in circulation till 30 June 1949 . But on 1 April 1949 , these notes were stamped with " Government of Pakistan " and were used as legal tenders . On the same day , the then Finance Minister of Pakistan , Malik Ghulam Muhammad , presented a new set of seven coins ( Re . 1 , ₨ . 1 ⁄ 2 , ₨ . 1 ⁄ 4 , A. 2 , A. 1 , A. 1 ⁄ 2 and Pe . 1 ) to Jinnah in the Governor House and were issued as the first coins minted by the Government of Pakistan . 
