Demonetisation of Rs5,000 note will help curb bribery: ex-FBR chief Shabbar Zaidi.

KARACHI -- Former Federal Board of Revenue chairman Shabbar Zaidi believes that the government should go for the demonetization of the Rs5,000 note from July onwards.

"5000 Rupee Notes. Demonetise from July 1, 2021. Announce two months earlier" said Zaidi in a tweet on Friday.

The accountant said that in order to go through with the demonitisation the government should announce a "transition" period so that the plan goes smoothly.

Zaidi believes that those against demonetization have "no idea about abuse" and claimed that vested interests doe not let the benefits of the move come forward.

The former tax czar...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT