Pakistan Senate proposes scrapping 5,000 rupee note – BBC News bbc.com

A resolution, which is not binding, has called for the government to remove the notes to \"reduce illicit money flow\". Two months ago, India\'s Prime Minister Narendra Modi surprised the country by scrapping 1,000 rupee and 500 rupee notes overnight, Scrapping the Pakistani banknote was proposed by Senator Osman Saifullah Khan, who said it was being used in illegal transactions and should be withdrawn, Pakistan Today reported.
He said the banknote should not be withdrawn overnight, but over a period of three to five years.