Wednesday, July 24, 2024

Currency Notes Printing Error Sparks Public Concern, SBP Oversight Questioned

A National Bank branch in Karachi has stirred public concern after it was found that newly distributed currency notes were printed on only one side, igniting discussions on social media.

A viral video depicting the discrepancy prompted the bank manager to confirm the arrival of cash shipments with one side printed and the other blank. While efforts are underway to gauge the extent of the issue within Rs. 1000 denomination bundles, the exact number of defective notes remains elusive.

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Questions are being raised about the effectiveness of the central bank’s checking system, which appears to have overlooked faulty currency before its distribution to commercial banks. Subsequent investigation revealed bundles containing pairs of currency notes, all bearing the same irregular printing pattern.

The State Bank has launched an inquiry into the matter, with officials from both the National Bank and State Bank awaiting further details before issuing public statements.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

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