Internet disruption makes pilgrims worried, halts foreign exchange buying

By MG News | May 15, 2023 at 12:24 PM GMT+05:00

0:00

May 15, 2023 (MLN): During an unfavorable turn of events, the annoying internet disruption has badly affected the buying of foreign exchange, causing individuals to face complications in materializing their Hajj pilgrimage.

According to the recent requirement, every buyer has to go for biometrics for buying foreign exchange but due to days long internet disruption has caused delays in executing their transactions.

An application designed for biometric verification has faced technical issues, leaving buyers unable to execute their transactions.

In addition to this, due to the economic and political turbulence, the value of the Saudi Riyal (SAR) is increasing against the Pakistani rupee (PKR), dashing their dream to perform Hajj.

It is important to note that the internet services are down across the country since Tuesday, May 09, 2023, right after the arrest of Chairman PTI, Imran Khan.

The closure of internet and broadband services has resulted in significant financial losses for business owners, freelancers, and telecom companies operating in Pakistan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,576.99 161.03M	-0.62% -826.20
ALLSHR	82,983.68 903.36M	-0.25% -204.38
KSE30	40,358.80 56.86M	-0.72% -292.66
KMI30	190,727.32 67.92M	-0.71% -1356.60
KMIALLSHR	55,698.48 457.08M	-0.27% -149.22
BKTi	36,242.06 11.15M	-0.50% -180.82
OGTi	28,323.42 10.71M	-0.40% -114.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,535.00	112,170.00 111,420.00	-710.00 -0.63%
BRENT CRUDE	70.18	70.22 69.91	-0.01 -0.01%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	108.00	109.00 107.95	0.90 0.84%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.33	68.39 68.04	-0.05 -0.07%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%