Senator Mohsin Aziz urged the government to cancel the Rs. 5,000 currency note to tackle corruption and inflation. He presented a resolution in the Upper House of Parliament, stating that this large denomination note is being misused in corrupt activities like terrorism and smuggling. Senator Aziz expressed concern that there are Rs. 3.5 trillion worth…
Mobile phone prices have been steadily rising in recent years, burdening consumers with increased costs. However, there’s good news for people feeling the pinch of inflation: phone rates have dropped by up to 15 percent in Pakistan, thanks to the local currency gaining strength against the dollar. The positive signs of economic recovery have played…
The State Bank of Pakistan (SBP) has dismissed speculations circulating in the news regarding the issuance of polymer currency notes, affirming its commitment to traditional paper-based banknotes. Recent controversies arose concerning misprinted banknotes in Karachi, prompting the SBP to clarify that such occurrences are inherent risks in large-scale currency production. Earlier, the SBP announced plans…