The State Bank of Pakistan (SBP) has officially dismissed any rumors regarding the discontinuation of the Rs5,000 currency note, as confirmed by Governor Jameel Ahmad during a briefing to the Senate Standing Committee on Finance and Revenue. According to TechJuice, Ahmad stated, 'There is no proposal to discontinue the Rs5,000 currency note,' addressing widespread speculation. This sentiment was echoed by ProPakistani, which highlighted that any decision to withdraw the note would require formal approval from the federal government and could disrupt the market significantly. The Chairman of the Federal Board of Revenue, Rashid Langrial, also warned that even discussions about discontinuation could create economic uncertainty due to the note's prevalent use in transactions.
FINANCE
SBP Rules Out Discontinuation of Rs5,000 Currency Note

SBP dismisses rumors of discontinuing Rs5,000 note, assures it's not demonetized. New designs with enhanced security are planned, pending approval, amid false social media claims of changes.
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Daily The Patriot
Updated 9h agoBR
Business Recorder
Updated 10h agoTE
TechJuice
Updated 10h agoPR
ProPakistani
Updated 10h agoAN