Islamabad: Pakistan’s economy had to bear an estimated loss of Rs1 billion owing to recent fault in submarine cable whereas Pakistan Telecommunication Authority (PTA) has summoned report from major stakeholders in aforementioned regard. On August 5, PTA informed that Pakistan was experiencing slow internet as IMEWE, the international underwater cable responsible for bringing internet to Pakistan, had gone offline due to technical problems.
Pakistan’s economy suffered Rs1b loss due to IMEWE submarine cable fault
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In the interbank market on Tuesday, the Pakistani rupee exhibited a notable trend of strengthening against the US dollar, with its exchange rate dipping...