HAFIZABAD: The State Bank of Pakistan (SBP) has sealed the Hafizabad branch of the National Bank of Pakistan (NBP) after detecting fake currency notes worth Rs. 2 million.
As per the details, the State Bank has also imposed a hefty fine of Rs 1,000. 200 million on the bank for this serious lapse. The fake currency was deposited in the NBP branch through a private bank, raising concerns about banking supervision.
A high-level investigation is underway to trace the origin of the fake currency. The complexity of the case involves multiple agencies, which makes the investigation difficult.
The incident has exposed the weaknesses of the banking system, leading to calls for strict measures to prevent such incidents in the future.
