KARACHI/RAWALPINDI /Multan – The State Bank of Pakistan (SBP) will announce its monetary policy for next two months on May 25. The central bank will announce this policy through a statement, instead of press conference, said a SBP statement on Tuesday.
Meanwhile, the SBP has announced that it will issue fresh currency notes to general public from June 1 to exchange with old ones for Eid-ul-Fitr celebrations.
The SBP in collaboration with Pakistan Banks Association (PBA) set up SMS short code 8877 for issuing fresh currency notes, which will be issued during June 1 to 14.
According to a notification issued here, a person intending to get new currency notes would send message to 8877 along with his CNIC number and branch code of selected bank. The system will respond with sending transaction number and branch address. Charges of sending an SMS to 8877 are Rs 15 (plus tax). Under the SMS service, each CNIC number and mobile phone number can only be used once. No transaction code will be issued to senders if they send same CNIC/smart card number from different mobile numbers or addresses.
A help desk has also been established at (021)-111-008-877 to entertain queries/complaints of general public.
Prime Minister Imran Khan on Wednesday sought to allay concerns regarding an impending economic meltdown in the …