Former FBR chief Shabbar Zaidi suggests demonetizing Rs5,000 note from July 2021
Shabbar Zaidi believes government should demonetize the Rs5,000 note and announce a demonetization plan two months before making the move Zaidi believes that the move will improve documentation of the economy and ensure that banking prospers Former FBR chairman argues that demonetisation will also make bribery difficult Former head of the Federal Board of Revenue and respected accountant Syed Shabbar Zaidi has suggested that the government should go for demonetization of the Rs5,000 note from July 2021. Read More: Rasheed says Fazlur Rehman should refrain from using hate-inciting speeches “5000 Rupee Notes. Demonetise from July 1, 2021. Announce two months earlier” said Zaidi in a tweet on Friday. The former FBR chief said that the government should announce the plan in advance for a smooth “transition” period. Zaidi believes that the opponents of demonetization have “no idea about abuse” and alleged that vested interests prevent a consideration of its benefits. The former tax czar
