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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The State Bank of Pakistan (SBP) announced on Friday that the Deposit Protection Corporation (DPC) has revised its guaranteed amount for all eligible depositors...