Former Chairman Federal Board of Revenue (FBR), Shabbar Zaidi, hasquestioned the use of Rs. 5000 banknote.

Taking to Twitter, Shabbar Zaidi termed the rationale for the use of Rs.5000 notes in Pakistan as unjustifiable.——————————

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He also compared the maximum denomination of currency note of Pakistan withthat of India and Bangladesh.

According to the former tax chief, the maximum denomination of currencynotes in India and Bangladesh is INR 1000 and BDT 1000 respectively.

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He said that using smaller currency units is more transparent and allowseasy documentation of transactions.

Last month, Shabbar Zaidi had suggested the government to demonetize theRs. 5000 Bank note from July 2021.