Topic

SBP

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False

Claim: The SBP has shortlisted designs for the new banknotes, of which some will be selected as the official currency note after the Government of Pakistan’s approval. Fact: The designs were announced as the winners of an art competition; none of them have been or will be selected as the official banknote of Pakistan after […]

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Claim: PKR 5,000 banknotes are being discontinued across Pakistan. Fact: Pakistan’s caretaker information minister has not confirmed a ban on the PKR 5000 banknote. However, when a lawmaker suggested that the PKR 5,000 banknotes should be discontinued, the minister indicated that such policy decisions should be made by the next Parliament. On 21 November 2023, […]

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Claim:  COAS Asim Munir has overpowered the dollar, dealt with inflation, and conducted a Mission Clean Sweep, in which he cracked down on dollar smugglers. His efforts have resulted in the value of the US dollar falling by Rs 150 against the rupee.  Fact: On 10 September 2023, NPG Politics posted a video on Facebook […]

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Claim: The SBP has warned people that funds upwards of PKR 500,000 kept in bank accounts are not safe anymore. Fact: This is false; the SBP never issued such a warning. A comment from a meeting of the Senate Standing Committee on Finance and Revenue has been falsely reported on. The central bank has said […]

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Claim: The caretaker government has issued a Rs 300 banknote for the people of Pakistan.  Fact: SBP Representative clarifies that this is fake news and no such banknote has been issued. On 13 September 2023, a Twitter user shared an image of a PKR 300 banknote claiming that the State Bank of Pakistan had issued […]

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Claim:  A viral WhatsApp message claims that Pakistani currency notes in denominations of 500, 1000, or 5000 rupees bearing serial numbers beginning with AF, CE, or HO are counterfeit. It further suggests that the State Bank of Pakistan (SBP) has released a press statement to alert the public. Fact: The claim is false. A representative […]

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Claim: The PKR 5,000 note will be discontinued and the State Bank of Pakistan (SBP) has announced the date that this move will take place. Fact: The SBP has not announced a decision to discontinue the PKR 5,000 banknote and, in fact, has no plans to do so in the future. In an email to […]

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