Updated on
Summary
The government has issued new currency notes of Rs 90.29 billion in two weeks of November. Value of currency notes being circulated in market has reached Rs 16.53 trillion. Value of currency notes during the current fiscal year has crossed Rs 2.76 trillion. Talking to Dunya News, economist Shahid Siddiqui said that the government issues new currency notes to hide its budget deficit, huge expenses and tax evasion. The government borrows from the State Bank of Pakistan and this step fuels inflation in the country, he added.
