PTA Refutes ATM Closure Rumors Amid Telecom License Renewal Concerns 1

The Pakistan Telecommunication Authority (PTA) has officially refuted recent rumors about the potential closure of ATMs across Pakistan, labeling such reports as fake news. In a statement released on Saturday, the PTA clarified that there are no current issues with Long Distance International (LDI) networks that would lead to the shutdown of ATMs or impact the country’s financial sector.

The rumors stemmed from a document presented to Parliament, which highlighted concerns over the possible non-renewal of LDI licenses. The document suggested that a significant portion of Pakistan’s mobile and internet traffic could be disrupted, potentially leading to the shutdown of mobile towers and the interruption of ATM services. Specifically, it warned that up to 50% of mobile traffic, 10% of internet traffic, and 40% of ATM banking services could be affected if the LDI licenses were not renewed.

Despite these alarming reports, the PTA has assured the public that there is no basis for these concerns. The regulatory body emphasized that the operations of LDI licensees, including those with expired licenses, have not been suspended or halted. The PTA also reassured stakeholders that the telecom sector remains fully operational, with no disruptions to IT or financial services expected.

The PTA’s decision to withhold the renewal of LDI licenses is linked to outstanding dues owed by telecom companies, which include Rs. 24 billion in Universal Service Fund charges and Rs. 54 billion in late payment surcharges. While these financial issues are serious, the PTA has taken steps to manage them without compromising the stability of the telecom infrastructure or financial services.

The quick clarification by the PTA aims to dispel the unwarranted panic caused by the spread of misinformation. The rumors about the ATM closures, which circulated widely on social media and other platforms, had raised concerns among consumers and businesses alike. However, the PTA’s statement makes it clear that the telecom and financial sectors are secure, and there is no risk of service disruption.

This incident serves as a reminder of the need for caution when sharing unverified information, especially when it pertains to critical services. The PTA’s proactive communication has helped prevent widespread concern and underscores the importance of transparency in managing public infrastructure. As the situation develops, the PTA remains committed to ensuring that the telecom and financial services sectors continue to operate smoothly, with no interruptions to the services that millions of Pakistanis rely on every day.