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
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.
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.
-
Bitcoin crashes below $63K as regulatory pressure and market fears grow -
Bitwise Crypto Industry innovators ETF: What investors should do in 2026? -
Nintendo shares slide again as momentum fears grow -
Gold, silver prices fallen sharply; What’s driving the drop? -
Gold’s record climb: Experts question if its safety is ‘overstated’ -
Dubai unveils plans to construct street built with real gold -
Netflix slams Paramount’s bid: 'Doesn't pass sniff test’ as Warner battle escalates -
Ubisoft: Shares plunge amid restructuring plan and wave of games cancellations