Fake news': Information ministry says no ban on Rs5000 note.
MoIB says disseminating fake news is disservice to nation. Fact-checking body operating under MoIB disproves notice of "ban". Minister says action should be taken against the people creating chaos. The Ministry of Information and Broadcasting (MoIB) on Thursday rebutted the reports of a purported ban on the use, possession, and circulation of Rs5000 currency notes, after a fake circular with the letterhead of the Finance Division went viral on social media. The fake notice, dated September 7, 2023, stated that the said currency note will be banned by the end of this month under a "significant policy change" by the government. "In pursuance of sub-section (2) of Section 323 of Pakistan Penal Code (Act XLV of 1860), the Federal Government is pleased to announce a significant policy change aimed at strengthening the financial system and curbing illicit financial activities. With effect from September 30, 2023, the use, possession, and circulation of Rs 5000 curren...