Karachi: The State Bank of Pakistan has rejected media reports regarding unavailability of the record of old design Rs.500 banknotes demonetized in Oct 2012.
" The SBP categorically denies and rejects the media reports regarding unavailability of the record of old design Rs.500 banknotes demonetized in Oct 2012," said a statement.
It said the destruction of banknotes is an ongoing activity and is carried out across the country at field offices of SBPBSC. "The record for the same is available in respective field offices".
The statement said, "the audit team however, just visited SBPBSC Karachi and assumed that the record available at Karachi is the total record available with the SBP, which is factually incorrect".
The State Bank of Pakistan said the complete record of banknote’s destruction is available at SBPBSC field offices located in 16 cities across the country
PM Shehbaz had earlier decided to keep the key committee with himself
High cost of childcare stresses out American parents, especially mothers as cost of living rises
Financing for Sindh Barrages Improvement Project will support better resilience to floods, says the bank
Three out of four countries to experience "underpopulation" by 2050 due to birth decline
PM Shehbaz says Reko Diq project will usher in a new era of development of Balochistan and prosperity of people
Finance Minister Muhammad Aurangzeb says Pakistan will discuss Extended Fund Facility with IMF next month