Zaidi Calls for Discontinuing Rs5,000 Note and Dollar Restrictions to Curb Cash Economy; Ismail Warns of Uncertainty
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Former FBR chairman Shabbar Zaidi insists discontinuing Rs5,000 note and restricting dollar movement key to curbing cash economy.
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Zaidi says Rs5,000 note provides convenience for cash economy, people keep wealth in dollars and these notes.
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He suggests giving time to holders to exchange Rs5,000 notes before discontinuing.
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Former finance minister Miftah Ismail opposes idea, says it will create uncertainty and fear, not solve issues.
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Ismail says Indian economy declined after demonetisation, people find ways around restrictions.