Pakistan suffers Rs1 billion loss due to fault in submarine cable

Pakistan’s economy has 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.

Though, PTA timely arranged substitutes for provision of internet services but several public and private conglomerates including PIA faced difficulties in their online operations.

While talking to Dunya News, PTA chairman said estimate of loss incurred is being carried out whereas Senior Executive Vice President Sikandar Naqi stated that internet system has been fully restored whereas PTCL did not suffered huge loss as country in whose area submarine cable faces loss is held responsible for repair work.

As per stats shared by PTA, figure of DSL users stands at 1527306, HFC at 50571, Wimax stands at 168511, FTTH at 48020, EOD at 729625 and mobile users at 44608065.