Shujaat Ali Hasnie was born in 1905 at Sialkot in what is now Pakistan. In 1927 he obtained a M. S. degree with honours from the Honours School of Biology in the Punjab University. Prior to the partition of India he served in the Government of India as Under Secretary and Deputy Secretary of the Ministry of Finance, and also as Joint Financial Adviser, War and Supply; at the time of partition he was Joint Secretary of Commerce. In Pakistan, he served first as Joint Secretary and then Secretary of the Ministry of Commerce, in which capacity he represented Pakistan at various GATT meetings, and in 1951 was Chairman of GATT. Moving to the post of Secretary, Ministry of Food and Agriculture, he was closely associated with FAO, beginning in 1952, as his country's delegate to Council and Conference sessions, and from 1955 to 1959 as Independent Chairman of the FAO Council. After a brief stint as Finance Secretary, Mr Hasnie worked as Governor State Bank of Pakistan from 1960-1967. He passed away on 17 March 1968.

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One rupee notes are signed by the Secretary Ministry of Finance, while the remaining notes are signed by the Governor, State Bank of Pakistan

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