National
Shabbar Zaidi wants to know how Pakistan can justify its Rs5,000 note
Last week, former FBR chairperson Shabbar Zaidi had said government should demonetise the Rs5,000 note from July
By Web Desk
Published February 02, 2021
Former Federal Board of Revenue Chairperson Shabbar Zaidi seems to be confused on why Pakistan is using the Rs5,000 note.
He compared , in a Twitter post on Tuesday, the maximum denomination notes of Pakistan with countries like India and Bangladesh.
Advertisement
The former FBR chairperson believes a Rs5,000 note encourages the cash economy. He says using smaller units is more transparent and gets documented.
Zaidi had earlier suggested that the government should go for demonetisation of the Rs5,000 note from July 2021.
"5000 Rupee Notes. Demonetise from July 1, 2021. Announce two months earlier" Zaidi had written on Twitter.
Share this story:
-
Amazon’s Ring sued over facial-recognition feature amid privacy concerns -
Bitcoin price falls below $70K for first time as AI tokens surge -
Marvell surges after Nvidia's Huang remarks boost it to ‘next trillion-dollar company’ -
Crypto exchange giant Binance enters US stock, ETF trading -
‘The right way to go’: Lamborghini CEO says canceling EV proves him right after Ferrari Luce backlash -
Robinhood unveiled tools allowing AI agents to trade stocks and make purchases for users -
US equity funds draw weekly inflows as investors regain confidence -
TSX futures edge higher as US-Iran deal boosts sentiment ahead of GDP data
