Pakistan’s economy loses $1 billion from internet shutdowns

Pakistan Telecommunication Authority recently reported that due to fault in submarine cable and the shut down of internet a huge loss of approximately Rs. 1 Billion was induced on Pakistan’s economy.

Last week on 5th of August the people of Pakistan were informed of the slow internet service the cause of such news was that the IMEWE suddenly went offline. The IMEWE is the same cable that brings internet to Pakistan.

The authorities tried their best to provide temporary solutions to the problems but many sectors suffered because of the sudden shut down of internet across Pakistan. PIA was also the victim of the submarine cable fault. The other sectors include  public and private industries and conglomerates. People who work online were greatly effected.

PTA has yet not manage to account for the correct amount of the money lost due to lost internet connection

According to news, “From July 1, 2015, and June 30, 2016, Pakistan witnessed six internet shutdown costing the country’s economy an astounding $69.7 million.” ( DAWN NEWS)

The internet shutdowns for a day and finally the problem was solved and the internet service was made available for the people to use.

PTA reported,

“Pakistan has 1,527,306 DSL users, 50,571 HFC, 168,511 Wimax, 48020 FTTH, 729,625 EOD and 44,608,065 mobile phone users.”