Upper house of Pakistan’s parliament recommends withdrawal of the country’s highest denomination note to counter corruption, criminal activities. After India took the radical step of voiding the majority of its currency overnight to cut corruption and the nation’s reliance on cash, other countries with similar problems have been watching closely. Venezuala already followed suit by taking nearly half its bank notes out of circulation and now some politicians in Pakistan, India’s rival and neighbor, want their country to do the same. The upper house of Pakistan’s parliament this week recommended the withdrawal of the ... (full story)