KARACHI: A connectivity disruption of various banks with 1LINK — the consortium that operate the largest representative of interbank network in Pakistan — caused immense difficulties for the customers on Monday to withdraw cash from the automated teller machines (ATMs).
A blockade targeting the cash withdrawal from the ATMs affecting many customers took place as a result of the disruption.
According to the banks’ customers, the online money transfer was also affected as a consequence of the disruption.
Moreover, in response to the customers’ worries and concerns, the officials at 1LINK said that the connectivity with some banks was affected as the issue is being resolved.
Notably, earlier in August, days after alleged reports of ATMs facing closures across Pakistan began circulating, the Pakistan Telecommunication Authority (PTA) issued a clarification, busting the "fake news".
"In response to the fake news circulating in the media about potential closure of ATMs, it is clarified that currently there is no such issue of non availability/closure of LDI networks that may potentially impact IT or financial sector including ATM networks," the PTA had said in its statement.
The authority added that operations of the expired LDI licensees are not suspended or shutdown.
Vehicles intended to facilitate assistant commissioners in carrying out their duties more effectively, say sources
Law Minister says 58 alternative and renewable energy based operational projects were producing 3,837MW of electricity
As part of IMF conditions, finance minister vows to push forward with new taxes despite threats of strike by traders
CPI general inflation clocks in at 9.6% in August, says Pakistan Bureau of Statistics
Attendees get knowledge about content creation tools effective strategies for optimising platform's campaigns
People compelled to commit suicide after finding it difficult to manage household budget, says economist