Advertisement
News

Currency Notes Printing Error Sparks Public Concern, SBP Oversight Questioned

Advertisement

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.

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.

Advertisement
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.

Recent Posts

PM Shehbaz Urges Stronger Pakistan-Russia Trade and Energy Cooperation

Pakistan is keen to enhance cooperation with Russia in various sectors, including trade, energy, connectivity,…

6 hours ago

Imran Khan Calls September 21 Rally “Do or Die” Moment for PTI

Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has declared the upcoming rally at Minar-i-Pakistan in Lahore…

6 hours ago

Federal Govt to Introduce Supreme Court Practice and Procedure Amendment Ordinance 2024

The federal government is preparing to introduce the Supreme Court Practice and Procedure Amendment Ordinance…

7 hours ago

Pakistan, Russia Plan New Steel Mill in Karachi

The government is considering a proposal to establish a new steel mill in Karachi in…

7 hours ago

Karachi business guild honors CCPO Odho

Karachi Business Guild, led by Patron-in-Chief Farhan-ur-Rehman and Chairman Faraz-ur-Rehman, hosted a grand Dawat-e-Nahari and…

7 hours ago

Explosives Allegedly Found Near Donald Trump’s Rally Site

Authorities reportedly discovered "explosives" in a vehicle near former US President Donald Trump's rally site…

1 day ago