KARACHI: Former chairman of the Federal Board of Revenue (FBR) Shabbar Zaidi on Thursday insisted that the discontinuation of Rs5,000 note and curbs on the physical movement of dollars is key to curbing the cash economy in the country.
Zaidi maintained that currency circulation is very high in Pakistan and the Rs5,000 note provides convenience in the cash economy, adding that people have kept wealth in their lockers in dollars and Rs5,000 notes, which should be banned.
"What does a person need dollars in cash in Pakistan? Anyone seen with the greenback should be arrested until he proves where the dollars came from."
This is fake. The Govt of Pakistan shall act against the people spreading this kind of fake news to create chaos.
— Murtaza Solangi (@murtazasolangi) September 7, 2023
یہ جھوٹا نوٹیفکیشن ہے۔
حکومتِ پاکستان ایسے جھوٹے نوٹیفیکیشن پھیلانے والوں کیخلاف سخت کارروائی کرے گی۔
👇 pic.twitter.com/9yU3DlM5UK
