In a statement, the State Bank of Pakistan (SBP) said it categorically refutes reports circulating on social media regarding the purported discontinuation of the Rs10 banknote and the last date for its exchange. "The reports are baseless and have no substance," the central bank said. "The State Bank of Pakistan (SBP) has submitted a proposal for the introduction of a new banknote series, which is currently under consideration by the Cabinet," it said."The matter remains under deliberation, and no decision has been taken regarding the replacement or discontinuation of any denomination," it added.

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 the exchange of discontinued banknotes, if any, according to the State Bank of Pakistan (SBP). People are advised to rely only on official communications issued by the State Bank of Pakistan (SBP), it added.