Currency dealer shows Rs. 5000 note, in Karachi on Monday, December 19, 2016. The Pakistan Senate on Monday passed a resolution seeking withdrawal of high denomination Rs 5,000 currency notes in order to curb the flow of black money. Senator Usman Saif Ullah Khan of the Pakistan Muslim League tabled the resolution that was endorsed by the majority of law makers in the upper house of Parliament.


KARACHI, PAKISTAN, DEC 19: Currency dealer shows Rs. 5000 note, in Karachi on Monday, December 19, 2016. The Pakistan Senate on Monday passed a resolution seeking withdrawal of high denomination Rs 5,000 currency notes in order to curb the flow of black money. Senator Usman Saif Ullah Khan of the Pakistan Muslim League tabled the resolution that was endorsed by the majority of law makers in the upper house of Parliament. The resolution said that the withdrawal of Rs 5,000 notes from circulation will encourage the use of bank accounts and reduce the size of the undocumented economy.


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