Pakistan, Sept. 18 -- The State Bank of Pakistan (SBP) categorically refutes reports circulating on social media regarding the purported discontinuation of the Rs 10 banknote and the last date for its exchange. The reports are baseless and have no substance.

SBP has submitted a proposal for the introduction of a new banknote series, which is currently under consideration by the Federal Cabinet. The matter remains under deliberation, and no decision has been taken regarding the replacement or discontinuation of any denomination.

Any such decision, if taken, will be formally communicated to the public through official channels and adequate time will be given to the public for exchange of discontinued banknotes, if any. The public is advis...