Speculations are circulating about the government mulling over recommendations regarding the discontinuation of Rs5,000 banknotes amid the severe economic crisis and skyrocketing inflation.
The speculations were increased after the discontinuation of Rs1,000 and Rs500 currency notes in India and different sections recommended to adopt the same practice of discontinuing bigger banknotes in Pakistan to curb the black money.
Economic experts said that the government should prioritize tax reforms for curbing illegal trade. They added that all governments had promised to bring tax reforms but they failed to implement the laws.
