Claim: PKR 5,000 banknotes are being discontinued across Pakistan. Fact: Pakistan’s caretaker information minister has not confirmed a ban on the PKR 5000 banknote. However, when a lawmaker suggested that the PKR 5,000 banknotes should be discontinued, the minister indicated that such policy decisions should be made by the next Parliament. On 21 November 2023, […]
Claim: The SBP has warned people that funds upwards of PKR 500,000 kept in bank accounts are not safe anymore. Fact: This is false; the SBP never issued such a warning. A comment from a meeting of the Senate Standing Committee on Finance and Revenue has been falsely reported on. The central bank has said […]