Pakistan News

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  • Cybernet and PEACE Cable to bring 'ultra-high capacity cable' to Pakistan

    Pakistani carrier Cybernet has signed a Memorandum of Understanding (MoU) and landing party agreement with PEACE Cable International Network to bring 'ultra-high capacity cable' to the country...

    “We are excited about working on the PEACE project and the numerous benefits that the PEACE Cable will bring to Pakistan and its digital economy," said Cybernet CEO Danish A...

  • Cable operators told to remove cable TV apparatus from poles in Karachi

    KARACHI: The Pakistan Electronic Media Regulatory Authority (Pemra) has asked all cable TV operators to remove cable boosters from electric poles of K-Electric...

    Sources in the power utility told Dawn that a letter had been sent to Pemra informing it that the KE had received several complaints regarding current in electric poles “due to cables of media distributors and cable internet service providers fixed on and passing through the...

  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    The shareholder agreement was signed by presidents and representatives from Habib Bank, National Bank of Pakistan, United Bank, MCB Bank, Allied Bank, Meezan Bank, Bank Alfalah, Bank Al-Habib, Habib Metropolitan Bank and Faysal Bank at the State Bank of Pakistan (SBP) headquarters...

  • Dutch company to acquire Engro Foods Ltd

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the bourse's website said Thursday...

    Citibank Pakistan is the financial advisor...

  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • Pakistan experiences slow internet as submarine cable goes offline

    Pakistan Telecommunication Company Limited (PTCL) informed on Saturday that Pakistan is experiencing slow internet as IMEWE, the international underwater cable responsible for bringing internet to Pakistan, has gone offline due to technical problems...

    The PTCL spokesperson also said that Jeddah has started making efforts to repair the cable, but added that "restoring the network will take some time...

  • Faulty submarine cable that caused internet disruption in Pakistan repaired: PTA

    Internet users faced disruptions in parts of the country on Monday as a submarine cable developed a fault near Fujairah, UAE, according to Pakistan Telecommunication Authority (PTA)...

    The PTA said some users might have faced degradation in services due to the fault, adding that "the faulty cable segment has been repaired and work is underway to make the services fully functional...

  • Charter to buy Time Warner Cable for $56 billion

    3 cable TV operator, offered to buy No...

    2 Time Warner Cable Inc for $56 billion on Tuesday but immediately ran into questions about whether regulators would agree to the combined company, which would control a big swath of the cable and Internet markets...

  • Cable operators reject service tax

    KARACHI: The cable operators association has opposed the imposition of a fresh ‘service tax’ by the Sindh government and called upon the authorities to declare their business tax-free for 10 years...

    “We make this demand so that we can offer cheap and quality service to our customers,” Khalid Arain, chairman of the Cable Operators Association of Pakistan, said at a press conference at the KPC on Sunday...

  • Undersea cable fault strangles internet services

    ISLAMABAD/KARACHI: A fault in the India-Middle East-Western Europe (IMEWE) submarine cable caused consumers and businesses across Pakistan major internet disruptions, the Pakistan Tele­communication Authority (PTA) said on Saturday, adding that customers may experience slow browsing speed...

    “The Pakistan Telecom­munication Company Limi­ted (PTCL) has set up alternate routes to get the internet back up...

  • Seven die in cable car crash in held Kashmir; 150 rescued

    SRINAGAR: A pine tree fell onto a cable car in a ski resort in held Kashmir on Sunday, sending the car plunging to earth and killing seven people, most of them tourists, police said...

    About 150 people were stranded in other cable cars on the mountain in Gulmarg in high winds, but were later rescued...

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