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SBP explains its stance on the rumours of ATM closures.

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Reportedly, ATMs were shut down, however the State Bank of Pakistan (SBP) refuted the reports.

In a statement released on Monday, the central bank advised people not to give personal information or click on dubious online links.

Following their use of an online banking session, users promptly log out. Regular account statement inspection is advised for bank users, according to SBP.

Rejecting the rumours about ATM closures is the State Bank of Pakistan. The spokeswoman for the central bank urged consumers not to believe rumours they hear on social media and said there is no disruption to online banking.

ATMs and internet banking services are available to users as usual. The State Bank is actively collaborating with OneLink and other banks to guarantee the safety of the digital payment system and the financial infrastructure. Guidelines for IT and security are strictly adhered to.

While banking at ATMs, branches, or online, customers are recommended to exercise caution. Please report any suspected behaviour right away. Pay card details, bank account information, passport information, etc. should never be disclosed to third parties. Avert divulging personal information or clicking on dubious links on the internet. Whenever you use internet banking, always log out right away.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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