KARACHI: A significant number of automated teller machines (ATMs) in Karachi and across Pakistan experienced cash shortages as the holy month of Ramadan began, with many people rushing to withdraw money for shopping and household expenses, according to media reports.
The Central Ruet-i-Hilal Committee confirmed that the Ramadan moon was not sighted in Pakistan on Friday, marking the first day of fasting to fall on Sunday (today).
Long lines formed outside ATMs on Saturday evening and Sunday morning, which was also a weekly off day for many.
The cash shortage left numerous customers frustrated as they were forced to visit multiple ATMs in search of cash. Further complications are expected as ATMs may run out of funds again, with public dealings in banks remaining closed on Monday for Zakat deduction.
According to the State Bank of Pakistan’s (SBP) quarterly report on the Payment System Review for 1QFY25, Pakistan has a total of 19,170 ATMs.
