Rs5,000, 40,000 prize bond not to be withdrawn

Federal Minister for Finance Senator Ishaq Dar has dismissed rumours about the demonetization of Rs 5000 currency notes and withdrawal of Rs 40,000 prize bonds.

Ishaq Dar on Monday said in a press statement that these rumours are totally false and are spread by the vested interest for ulterior motives. There is even no such proposal under consideration of the government, added the Finance Minister.

This comes after Mohammad Ishaq Dar who was meeting with the World Bank Country Director Patchamuthu Illangovan agreed to speed up reforms process, reported APP.