Islamabad:
New investments in national savings programs have managed to stop due to a major breakdown in the IT system of the Central Directorate of National Economies (CDN). This ventilation caused billions of losses against the chessboard and a delayed issue of digital price bonds.
According to sources, the department’s computer system has been down for ten to fifteen days, creating serious difficulties in nearly 3.5 million account holders, including retired and retirees.
Officials said efforts were underway to restore the system, which has only been partially revived, leaving customers who are still faced with problems.
Payments to account holders are made, but normal operations remain disrupted.
Sources have revealed that due to the accident, the ATM cards work poorly, the mobile online transactions application does not work properly and the biometric verification has been suspended.
Consequently, no new account can be opened; No deposit can be made and no savings or certificate scheme is purchased. This judgment has led to significant losses for the government.
Sources have added that the ministry had finalized preparations for the issue of digital price bonds in RS5,000, 10,000 rupees, 25,000 rupees and 40,000 rupees. However, the launch was delayed due to the failure of the computer system.
CDNS officials assured that the expert teams are trying to fully restore the system. They expressed hope that the system would be back in operation soon.
