KARACHI: Reacting to social media rumors, the State Bank of Pakistan (SBP) on Saturday said that it has not issued any directive on ATM cash withdrawal limits and termed the reports as fake.
In a statement on Twitter, the SBP said it rejects the misconception on social media that ATM cash withdrawals are limited to Rs 1,000.
“SBP does not set any limit on ATM withdrawals. Banks decide on such limits.
The central bank has clarified after receiving claims from social media users that they are receiving messages from their banks that the SBP has banned cash withdrawals.
“Dear Customers, As per the guidelines of State Bank of Pakistan, cash withdrawal limit from ATMs is limited to 1000 PKR from 0000 hrs 23 January 21 to 0800 hrs 31 January 21,” read the joint message on Twitter.