SBP refutes report

Staff Reporter

Karachi—State Bank of Pakistan has categorically rejected the news item appearing in a section of press relating to circulation of counterfeit currency notes of denomination of Rs 500, Rs 1000, and Rs 5000 in the market by unscrupulous elements.
In a statement issued to print and electronic media SBP spokesman said the news item directly refers to a press note issued by State Bank of Pakistan which is factually incorrect.
The spokesman further said that SBP issues press releases to all media organizations and also posts them on its website. Spokesman has requested the media that they may like to check the factual position from State Banks spokesman before publishing information relating to such matters having impact on general public and sensitive economic matters.

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