Users across Pakistan are experiencing disrupted internet services as Internet Service Providers across the nation have notified users of the fault.
The fault is said to be in SMW_5 international submarine cables. The South East Asia–Middle East–Western Europe 5 is an optical fibre submarine communications cable system that carries telecommunications between Singapore and France.
At this time, the issue has not been resolved and users can face some problems in internet browsing quality.
While PTA or PTCL have not confirmed an issue as of yet according to official social media accounts, multiple users from Karachi, Islamabad and Lahore have reported that they experienced slow internet speeds and ISPs across the country have confirmed the issue to their users.
This issue comes at an unfortunate time for users nationwide as companies have begun work from home due to the on-going Coronavirus pandemic.
In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan in consultation with market stakeholders and market infrastructure institutions, has decided that for the April 2020 contract, a short sale in 36 specific shares of the futures market shall be subject to an uptick rule. This will ensure the provision of a required prior notice period to the market and retain liquidity in the rollover week. The uptick rule means that the shares of that relevant scrip have to be sold at a price higher than the last trade not lower. Further, to support the mutual fund industry, the maximum period of borrowing by mutual funds for redemption purposes will be extended from existing 90 days to 360 days. Moreover, the commission has allowed relaxing deposit requirements against the base minimum capital of TREC holders. The requirement to perform biometric verification at the time of opening of the account is eased and ...
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