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SBP Launches ‘Cyber Shield’ Strategy to Boost Banking Sector Cybersecurity

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The State Bank of Pakistan has launched a new Cyber Resilience Strategy titled “Cyber Shield” to strengthen the security of banks and financial institutions, as cyber threats continue to rise alongside rapid digitalization.

The strategy provides a comprehensive roadmap for regulated entities to improve their ability to prevent, detect, respond to, and recover from cyber incidents, ensuring uninterrupted access to financial services for businesses and consumers.

The initiative focuses on five key priorities, including strengthening resilience against cyberattacks, improving governance and accountability, enhancing collaboration across the financial sector, developing skilled cyber talent, and continuously updating security practices to address evolving risks.

The central bank highlighted that while digital banking has expanded rapidly, cybersecurity capabilities have not kept pace, creating vulnerabilities across the sector. It noted that many institutions face challenges such as outdated systems, limited investment in cyber defense, and weak incident detection and response mechanisms.

The SBP also raised concerns over heavy reliance on third party service providers, particularly foreign vendors, for critical technology and cybersecurity functions. These dependencies increase risk exposure and complicate oversight, especially as such providers fall outside the direct regulatory scope of the central bank.

Additionally, the report pointed to a shortage of skilled cybersecurity professionals in Pakistan, emphasizing the need for workforce development and stronger collaboration among stakeholders to improve threat intelligence sharing and coordinated response.

The central bank said it will continue to monitor global and domestic cyber risks and update the strategy accordingly, aiming to protect customers, support secure digital innovation, and maintain financial stability in Pakistan’s banking system.





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‘Fight Club’ 4K Blu-Ray Details Revealed—Alongside A One-Night-Only Cinema Re-Release

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20th Century Studios’ 4K department has delved into its archives again – and I can’t wait to see the results.



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OpenAI CEO Reveals His Discomfort With Narendra Modi

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OpenAI CEO Sam Altman has said he felt confused and uncomfortable during an onstage moment with Indian Prime Minister Narendra Modi at the India AI Impact Summit 2026 in New Delhi.

Altman shared the account in a Moneycontrol interview, recalling how the moment unfolded in front of global tech leaders.

“I didn’t know what was happening on stage. I was confused. He (Modi) grabbed my hand, and I was wondering what we were supposed to do,” Altman said.

The summit brought together many of the world’s most influential AI figures to discuss new models, regulation, and AI’s impact on society.

But the event’s most talked-about clip was not a policy announcement or a product reveal, it was a staged moment in which senior AI leaders were steered into a 14-person hand-holding pose on stage.

The scene, intended to project unity, instead produced an uncomfortable and forced photo op that went viral all over the internet.

The clip sparked an immediate backlash and ridicule online, with critics accusing Modi of turning a global AI gathering into a personal optics exercise rather than letting the summit’s substance speak for itself.

The reaction was not limited to international observers; many Indian users also voiced embarrassment at the spectacle, calling it out as a political-style stage-managed moment.

The viral moment also featured Anthropic CEO Dario Amodei on stage alongside Altman. In the footage circulating online, Altman and Amodei appeared to resist joining the hand-holding chain as expected, instead raising a fist in an awkward compromise that visibly disrupted the pose.

The hesitation stood out because Altman and Amodei represent two of the most prominent companies in artificial intelligence.

Anthropic is widely viewed as one of OpenAI’s most direct rivals, led by Amodei who previously worked at OpenAI before leaving to co-found Anthropic.





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PTA Makes Core Bands Mandatory to Ensure Solid 5G Rollout in Pakistan

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The Pakistan Telecommunication Authority (PTA) has made it mandatory for telecom operators to participate in the 2600 MHz and 3500 MHz spectrum bands in the upcoming 5G auction. The move is aimed at ensuring that 5G services launched in Pakistan are practical and deliver a real user experience.

Officials said that while several countries introduced 5G without making specific spectrum bands compulsory, PTA has decided to take a stricter approach to speed up actual 5G rollout and avoid delays in service availability.

Why 2600 MHz and 3500 MHz Matter

Under the auction framework, the 2600 MHz band can be used for both 4G and 5G services, while the 3500 MHz band is reserved exclusively for 5G deployment. Although operators are free to bid on other available bands based on their business plans, participation in these two key bands is compulsory.

PTA officials said this requirement is intended to ensure that a functional and effective 5G ecosystem is established soon after spectrum is allocated, rather than limiting 5G to trials or partial coverage.

Mock Auction Before Final Bidding

PTA will conduct a mock auction ahead of the main 5G auction to test the bidding software and help telecom operators understand the auction process. Bidding manuals will be shared with participating companies in advance, and the system will be fully tested during the mock exercise.

Officials said the mock auction will also allow operators to become familiar with technical and procedural requirements before real bidding begins.

All Six Bands to Be Available on Auction Day

According to PTA, all six spectrum bands will be available on the auction day. The auction itself may last one day or extend to two or three days, depending on how much interest operators show across multiple bands.

February 27 has been set as the deadline for submission of bid documents. Each operator planning to participate must submit a bank guarantee of USD 15 million. PTA will also finalize on the same date how many companies will take part in the auction.





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