September 12, 2024
PTA Refutes ATM Closure Rumors Linked to LDI License Expiry

PTA Refutes ATM Closure Rumors Linked to LDI License Expiry

The Pakistan Telecommunication Authority (PTA) has addressed and debunked recent rumors circulating in the media regarding the potential closure of Automated Teller Machines (ATMs) across the country.

These rumors had sparked concerns among the public, suggesting that the expiration of certain Long-Distance and International (LDI) licenses could lead to a shutdown of ATM networks and disrupt financial services.

In a statement issued by the PTA, the authority clarified that there is currently no issue of non-availability or closure of LDI networks that could impact the country’s Information Technology (IT) or financial sectors, including ATM networks. The PTA emphasized that the operations of expired LDI licensees have not been suspended or shut down, and these networks continue to function normally.

The PTA’s clarification comes in response to a wave of misinformation that had spread across social media and other platforms, causing unnecessary panic among the public. The authority reassured citizens that the country’s telecommunication and financial infrastructure remain robust and unaffected by the status of LDI licenses.

The PTA also urged the public to verify information from credible sources before spreading unverified news, particularly when it concerns critical infrastructure such as financial networks. The agency highlighted the importance of relying on official statements and updates from relevant authorities to avoid unnecessary confusion and anxiety.

The statement further underlined the PTA’s commitment to ensuring the smooth operation of telecommunication services across Pakistan. The authority assured that it continues to monitor the situation closely and remains in constant communication with relevant stakeholders to address any potential issues that may arise.

In conclusion, the PTA reiterated that there is no cause for concern regarding the availability of ATM networks or the broader financial sector due to the expiration of LDI licenses. The authority encouraged the public to remain calm and stay informed through official channels.

This timely clarification from the PTA aims to quell any fears and ensure that Pakistan’s telecommunication and financial systems remain secure and operational, despite the unfounded rumors that have been circulating.