KARACHI: State Bank of Pakistan (SBP) on Friday categorically rejected amessage doing rounds on social media, claiming that the central bank hadplaced any restrictions on ATM withdrawal exceeding Rs 1000.

In a series of messages posted on Twitter, the SBP said that itcategorically rejects the false message on social media attributing to itthat cash withdrawal limit is restricted to Rs. 1,000.

“SBP does not put any limit on ATM withdrawal limit,” the central bank saidadding that it was the banks that decide about such limits.

It is pertinent to mention here that messages attributed to the state bankwere doing rounds on social media claiming that ATM withdrawal exceedingRs1000 would be barred from January 23 to January 31, 2021.