Advertisement
Categories: BusinessNews

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

NEVO Is Next: Master Changan Continues Bringing Changan’s Global House of Brands to Pakistan

Master Changan Motors Limited (MCML), Pakistan’s No.1 new entrant and leading Chinese automotive brand, is…

2 days ago

IFC and Bank Alfalah Partner on Pakistan’s First Diversified Payment Rights Issuance, Marking a Key Milestone in the Development of Pakistan’s Debt Capital Market

The International Finance Corporation (IFC) and Bank Alfalah Limited have signed a Project Agreement marking…

2 days ago

Meezan Bank Opens its First Round-the Clock Assisted Service Center

Meezan Bank, Pakistan’s premier Islamic bank, has inaugurated its first Service Center at Clifton Bridge,…

2 days ago

Tax Changes Reset Pakistan’s Hybrid SUV Pricing as Chery Pushes Aggressive Value Play

KARACHI: Pakistan’s hybrid and plug-in hybrid vehicle market is entering a sharper phase of price…

3 days ago

AKUH Receives Third Consecutive International Platinum Award for Heart Attack Care

The Aga Khan University Hospital (AKUH) has received its third consecutive Platinum Performance Achievement Award…

4 days ago

Bank Alfalah and WWF-Pakistan Mark Pakistan’s Independence Day with Alfa Forest Mangrove Plantation Drive

To commemorate Pakistan's Independence Day, Bank Alfalah, one of Pakistan's leading commercial banks, partnered with…

2 weeks ago