No move to issue Rs 10,000 or any other

KARACHI: State Bank of Pakistan (SBP) on Tuesday categorically denied the news item reported in a section of press and electronic/social media regarding its plans to issue new banknote of Rs 10,000. The SBP has no plans whatsoever for issuance of any higher denomination banknote as seven denominations of existing banknotes are adequately meeting the business/transactional needs of the economy.