Opposition Pakistan Peoples Party (PPP) Senator Osman Saifullah Khan, addressing a standing committee on finance, said high denomination notes raise the possibility of money laundering and corruption.
Referring to India as an example, he added that the world over such notes were being discouraged.
India has demonetised Rs 500 and 1,000 notes, making these notes invalid in a major assault on black money, fake currency and corruption.
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