KARACHI: Following a spate of cyberattacks on Pakistan’s banks, several account holders said on Thursday that they were forced to take precautionary measures to secure their savings.
“I have closed my online account because of the ongoing cyber-attacks. The banks are not sharing details of what is happening, so I’ve decided to close the accounts having experienced the trouble of dealing with banks,” Abdul Samad Memon, a 35-year-old businessman, told Arab News.
Samad is not the only account holder to opt out. Dozens of individuals have either voluntarily closed their accounts or requested their banks to block access as a precautionary measure. “I have asked my bank to close my online account and now I will withdraw cash through checks to be on the safer side,” Muhammad Salahuddin, a retired government employee said.
Authorities from several banks also said that they had notified their customers about the move. Muhammad Rehan, a school teacher, said he had received the notification from his bank and did not have an issue with the standard operating procedure as it is a “good step under the current circumstances”.
In the news recently, major financial institutions reported losing billions of rupees through fraudulent activities. Prime among these were transactions involving identify theft, whereby hackers would create fake accounts using the details of another person, mostly from an underprivileged background. Case in point was an incident reported by the Federal Investigation Agency (FIA) whereby it had seized the bank account of an ice-cream vendor who had Rs2.25 billion in his savings account.
“The hacking incidents show that nothing is reliable. Even though withdrawing cash by using fake checks has been the practice in the past, I still believe it is safer as compared to online banking,” Baber Sharif, a shopkeeper, said.
Adding insult to injury was the case of Pakistan’s BankIslami which reported that its security system had been breached on October 27, resulting in major losses for the company.
The extent of the online hacking came to light on Monday, when FIA’s cyber-crime chief, Captain (retd) Mohammad Shoaib said that customers’ data from almost all major Pakistani banks had been stolen in a recent security breach.
The State Bank of Pakistan (SBP), however, rejected the FIA’s findings, clarifying that the data of only one bank had been compromised. “SBP categorically rejects such reports. There is no evidence to this effect nor has this information been provided to the SBP by any bank or law enforcement agency,” the central bank said in a statement.
However, officials from the Pakistan Computer Emergency Response Team (PakCERT), a cybersecurity services provider, reported that on October 26, a data dump was posted on the Internet highlighting the details of more than 9,000 debit cards, out of which 8,864 belonged to customers of Pakistani banks.
“The [security details of the] compromised cards were sold at a price ranging from between $100 and $160. The second dump was posted on October 31 with over 12,000 cards on darknet comprising 11,000 cards from Pakistani banks,” the report added.
According to the PakCERT, security details of a total of 19,864 cards from 22 Pakistani banks were compromised.
Experts believe that the breach was not the act of any one individual but rather a group of individuals as the fraud was carried out in a sophisticated and organized manner. “The pattern of infiltration clearly shows that there was more than one entity involved,” S M Arif, a financial expert and banking technologist, told Arab News.
“We have to evaluate whether only the data which was available in the dark web was compromised or other data was used as well,” Arif said, adding that in circumstances where the data from one country is used for withdrawal purposes in another country while a third individual is the beneficiary “could only be done by those who have access to the data”. “The withdrawals have taken place through a financial system which means it is the failure of multiple entities on multiple points,” he said.
A B Shahid, a senior banker, told Arab News that the recent incidents of cyber-fraud have exposed the loopholes in the financial system and shaken the confidence of customers. “The customers believed that the banking systems was most reliable and secure for their savings but their confidence has been shaken to a large extent,” he said.
Holding the SBP and the management of various banks responsible for the infiltration and hacking, Shahid said that the financial bodies could have taken a cue from Wikileaks which had “exposed the system’s weaknesses”.
“Wikileaks clearly demonstrated that data can be downloaded and used for various reasons. In the race to promote electronic banking in Pakistan, neither the regulator nor the banks’ management took steps to install an anti-hacking system which is clearly evident from the recent incidents,” he said.
Users log off permanently to avoid cyber fraud
Users log off permanently to avoid cyber fraud
- Security of nearly 20,000 bank accounts compromised in recent heists
- Experts blame regulator and financial bodies for failure to prevent online attacks
Pakistan confirms OIC participation as PM Sharif, Türkiye’s Erdogan discuss Iran crisis
- OIC’s Council of Foreign Ministers is scheduled to take place in Istanbul on June 21-22
- Event comes as two OIC members have faced military standoffs with their regional rivals
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday assured Turkish President Recep Tayyip Erdogan of his country’s participation in the upcoming Organization of Islamic Cooperation (OIC) meeting in Istanbul, as both leaders expressed deep concern over Israel’s recent attack on Iran and pledged to coordinate peace efforts.
The telephone call came as the OIC’s Council of Foreign Ministers (CFM) prepares to convene in Türkiye on June 21–22 at a volatile moment for the bloc, with two of its member states — Pakistan and Iran — having faced military standoffs with their regional rivals.
While Pakistan’s border exchange with India lasted four days before a US-brokered ceasefire was reached last month, Iran remains in a state of heightened uncertainty following Israel’s strike on its military and nuclear facilities on Friday, as the war shows no signs of easing.
“Prime Minister Muhammad Shehbaz Sharif held a telephone conversation with President Recep Tayyip Erdogan of Türkiye, this evening,” Sharif’s office said in a statement after the call. “During their most warm and cordial conversation, both leaders discussed the deeply worrying situation in the region in the wake of Israel’s unprovoked and unjustified aggression against Iran.”
“The Prime Minister said that Pakistan would continue to play a constructive role for peace, both as member of the UN Security Council, as well as in other forums such as the OIC,” the statement added. “In this regard, the Prime Minister said that Deputy Prime Minister & Foreign Minister Mohammad Ishaq Dar would represent Pakistan at the upcoming OIC CFM meeting in Istanbul.”
Both leaders condemned Israel’s strikes, saying they violated Iran’s sovereignty and defied international law.
They also voiced solidarity with Palestine amid what they described as Israel’s “brazen military aggression,” which they said had continued “with complete impunity.”
The two leaders emphasized the international community and the United Nations must act collectively and urge Israel to immediately end its “aggressive posturing and illegal actions” against Iran, Palestine and other countries in the region.
Pakistan, Uzbekistan launch direct air link to deepen regional connectivity
- Uzbekistan Airways flight departed Islamabad for Tashkent with 126 passengers Saturday afternoon
- Pakistan is also advancing plans for a railway link connecting Peshawar with Kabul and Tashkent
KARACHI: Pakistan on Saturday hosted the inaugural direct flight by Uzbekistan Airways between Islamabad and Tashkent, marking yet another step toward enhanced regional connectivity and deeper economic ties with Central Asia.
Pakistan has been pushing to forge stronger trade links with landlocked Central Asian nations by offering access to its Arabian Sea ports. While several regional states border Afghanistan, Uzbekistan is seen as a strategic gateway due to its central location in the region and its larger economy.
“The Pakistan Airports Authority (PAA) proudly hosted the inaugural flight ceremony of Uzbekistan Airlines’ direct service from Islamabad to Tashkent (Flight HY466), marking a significant milestone in enhancing regional air connectivity and people-to-people ties between Pakistan and Central Asia,” said a PAA statement.
The flight, carrying 126 passengers, departed Islamabad at 1:09 p.m. on Saturday, following a festive check-in at Zone 1 of the international airport adorned with balloons, the statement said.
It informed that ambassadors from Uzbekistan, Tajikistan, Kazakhstan and Azerbaijan attended the ceremony, joined by airport officials, tourism executives and Uzbekistan Airlines’ country manager.
Pakistan is also advancing plans for a railway link connecting Uzbekistan to Pakistan through Afghanistan. Earlier this month, Foreign Minister Ishaq Dar spoke with Afghan counterpart Amir Khan Muttaqi and Uzbek officials about the proposed 573‑km Uzbekistan‑Afghanistan‑Pakistan (UAP) Railway Project.
The corridor aims to link Tashkent with Kabul and Peshawar, enhancing freight movement and reducing transit time by up to several days.
The overland route via Afghanistan connects Pakistan’s road and rail network through the mountainous frontier into Afghanistan and onward to Central Asia, offering an alternative to existing northbound trade routes.
Pakistan arrests suspects in visa fraud targeting job seekers hoping to reach Gulf, Europe
- All three suspects, including a woman, took large sums from people before going into hiding
- FIA arrested them from different cities after they failed to deliver on promised overseas jobs
ISLAMABAD: Pakistan’s Federal Investigation Agency (FIA) on Saturday arrested three individuals, including a woman, for allegedly defrauding job seekers by promising employment in Gulf countries and Europe, state media reported.
The arrests were made during raids in Bahawalpur, Bahawalnagar, Multan, and Lodhran. The suspects, identified as Abid Hussain, Hira Noor and Ajmal, are accused of collecting large sums from citizens in exchange for fake overseas job arrangements.
“These suspects were arrested for their involvement in visa fraud and human smuggling,” the Associated Press of Pakistan (APP) news agency said, adding all three went into hiding after failing to deliver on their promises.
The report further said Abid Hussain received Rs800,000 ($2,800) from one victim for a job in Saudi Arabia. Hira Noor allegedly took over Rs2.9 million ($10,150) from another individual, promising work in Europe. Ajmal is accused of charging Rs400,000 ($1,400) to arrange employment in Dubai.
The arrests come amid renewed efforts by Pakistan to crack down on human smuggling networks after a series of deadly boat tragedies in recent years involving Pakistani nationals trying to reach Europe as undocumented migrants.
Despite enforcement drives, criminal syndicates continue to exploit economically vulnerable individuals seeking better opportunities abroad.
Pakistan PM urges ‘credible’ global action to halt Israel’s war in call with Iran’s president
- President Masoud Pezeshkian calls for greater Muslim unity in the face of escalating regional threats
- Pakistan’s defense minister also urges Muslim countries to sever their diplomatic relations with Israel
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday urged the international community and the United Nations to take “urgent and credible steps” to end Israel’s war in Iran, during a phone call with Iranian President Masoud Pezeshkian, according to a statement from his office.
Israel launched surprise attacks on Iranian nuclear and military facilities in the early hours of Friday amid Tehran’s negotiations with Washington over its nuclear program. The strikes killed several senior military commanders and nuclear scientists, according to Iranian media, and also caused civilian casualties.
Israel, at war in the region since October 2023, initially launched a military campaign against Gaza following a Hamas assault, which the Palestinian group said was retaliation for decades of oppression. Since then, the Israeli government has expanded its military operations to neighboring Muslim states such as Syria and Lebanon before targeting Iran.
Sharif said Pakistan stood in “resolute solidarity” with Iranian people and government during his conversation with the Iranian president.
“The Prime Minster denounced Israel’s blatant provocations and adventurism as a grave threat to regional and global peace and stability,” said the statement released by his office after the phone call.
“He urged the international community and the United Nations to take urgent and credible steps to put an end to Israel’s aggressive behavior and its illegal actions,” it added. “He stated that Pakistan was fully committed to promoting peace in the region and stood ready to play its role in this context.”
Sharif also conveyed condolences over the loss of life in Friday’s Israeli strike and recalled Pakistan’s statement of support for Iran during an emergency session of the UN Security Council a day earlier.
The Iranian President thanked Pakistan for its solidarity and support and called for greater unity among Islamic countries in the face of escalating regional threats.
UNIFIED STRATEGY
Earlier in the day, Pakistan’s Defense Minister Khawaja Asif urged Muslim nations to adopt a unified strategy to counter Israel, warning that failure to act collectively would leave them vulnerable, as he expressed full diplomatic support to Iran in a speech to the National Assembly following Israeli strikes.
“Just as Israel is currently targeting Yemen, Iran, and Palestine, if the Muslim world does not unite today and continues to prioritize its own interests and agendas, then everyone’s turn will come,” he told lawmakers.
“An OIC meeting should be convened, and all Muslim countries must come together to devise a strategy through which Israel can be confronted collectively,” he continued. “There is a need for an initiative that reflects the unity of the Islamic world. Wherever there are diplomatic ties with Israel in the Muslim world, they should be severed.”
The Pakistani minister added the Muslim world remained “militarily vulnerable” and voiced what he described as Pakistan’s unwavering solidarity with Iran.
NO NUCLEAR TALKS
The Iranian foreign ministry also announced during the day it would no longer take part in planned nuclear negotiations with the United States in Oman, calling them “meaningless” while Israeli attacks continued.
“It is obvious that in such circumstances and until the Zionist regime’s aggression against the Iranian nation stops, it would be meaningless to participate in dialogue with a party that is the biggest supporter and accomplice of the aggressor,” an Iranian spokesperson said, according to international wire agencies.
Israel’s defense minister also warned “Tehran will burn” if Iran continued to launch missiles at Israeli cities. Iran had retaliated on Friday night by launching a barrage of missiles at Israel, with explosions lighting up the skies over Jerusalem and Tel Aviv.
Just a day earlier, hours after Israel targeted Iran, Pakistan’s envoy to the UN, Ambassador Asim Iftikhar Ahmad, condemned the strike on Iran’s military and nuclear infrastructure, calling it a violation of international law.
“Iran has the right to self-defense under Article 51 of the UN Charter,” he said, urging all sides to avoid further escalation and emphasizing the need to resolve tensions through diplomacy.
Pakistan PM calls for quick EV policy with stakeholder input to promote clean transport
- Shehbaz Sharif seeks ‘priority measures’ to promote electric motorcycles, scooters, cars and buses
- He says charging stations and battery-swapping centers must be ensured to strengthen EV rollout
ISLAMABAD: Pakistan’s government on Saturday pledged to promote electric vehicles (EVs) across all segments of transport, with Prime Minister Shahbaz Sharif calling for a national policy on the subject to be finalized in consultation with stakeholders.
The move comes amid a steady rise in EV adoption in a market long dominated by Japanese automakers such as Suzuki, Toyota and Honda. Increasingly, Chinese and Korean brands are entering the space, with electric vehicles becoming more and more visible in cities like Islamabad, Lahore and Karachi.
The government is hoping to ride this momentum to cut fuel imports and reduce emissions.
“Priority measures will be taken for the promotion of electric motorcycles, scooters, three-wheelers, cars and buses,” the prime minister said while chairing a meeting in Lahore to discuss the adoption of EVs.
The draft Electric Vehicles Policy 2025 was reviewed at the meeting, with Sharif calling for its urgent finalization “in consultation with all stakeholders” before being presented to the cabinet.
“Charging stations and battery-swapping stations must be ensured,” he said during the meeting. “Industries will also be facilitated to increase the manufacturing capacity of two- and three-wheelers.”
While EVs offer a way to reduce the country’s petroleum import bill and carbon footprint, the lack of infrastructure, frequent power outages and limited financing options remain key impediments to their widespread adoption and scale-up.
Yet industry experts believe existing players in Pakistan’s auto market will face stiff competition from various EV brands, with many seeing electric vehicles as poised to consolidate their place in the domestic market.
