Sites contained approximately 150 launcher barrels that were ready to fire projectiles toward Israeli territory, it said in a statement
mena11 hours ago
The Rs.5,000 currency note is used by "players who settle large transactions in cash on a daily basis", said a leading Pakistani daily which noted that this raise questions about the nature of their work.
An editorial "High-denomination notes" in the Dawn on Saturday said that the Rs.5,000 currency note is "the unlikely culprit in a number of high-profile conversations in the country today, and for good reason".
"The note, issued in 2006, plays a key role in large cash transactions mainly of a speculative or unscrupulous nature. Some quarters in the State Bank argue that the note is essential to simplify the cash management operations of banks that require large volumes of currency notes in their sprawling network of bank branches, and that cash management on this scale using smaller denominations is too cumbersome," it said.
The daily, however, wondered: "Who really needs and uses the Rs.5,000 note?"
"It's rarely seen in retail transactions. Much of the demand for the note, which circulates mostly outside the banking system once issued by a branch or ATM machine, comes from players who settle large transactions in cash on a daily basis. This should automatically raise questions about the nature of their work," it added.
The daily said it is easy to make the case that the currency note ought to be discontinued. "Large payments should be made through the banking system, and retail customers rarely need such high-denomination currency."
Sites contained approximately 150 launcher barrels that were ready to fire projectiles toward Israeli territory, it said in a statement
mena11 hours ago
Crowd control measures have been set up at Apple stores, as staff say walk-ins will not be entertained this year
uae11 hours ago
Polls show Americans remain deeply worried about the economy and inflation
americas11 hours ago
Advisor to the Minister for Maritime Transport Affairs at the UAE Ministry of Energy and Infrastructure, Hessa Al Malek is steering the sector towards inclusivity and innovation
lifestyle11 hours ago
Existing home sales dropped 2.5% last month from July
realty11 hours ago
The death toll from the storm which struck central and eastern Europe last week rose to 24 and some areas are still under threat from rising waters
world11 hours ago
India, China and Australia remain hold-outs on US demands
economy11 hours ago
The meeting came as divisions grow in Europe over the proposed tariffs
auto11 hours ago