Islamabad: The Pakistan Telecommunication Authority (PTA) has quashed rumors of a planned internet shutdown on election day (February 8), asserting that internet services will continue without interruption. Despite previous concerns and past instances of disruptions, government officials have assured the public of internet accessibility during the upcoming elections. Shutdowns pose significant economic consequences, with telecom companies facing losses of Rs940 million per day, resulting in a substantial impact on tax revenue for the national exchequer. The IT freelance industry, in particular, suffers losses of approximately $2 million daily during internet suspensions. Moreover, software houses risk damaging their international reputation, while thousands of workers in ride-hailing and delivery services face financial insecurity amidst an already high unemployment rate of 9.6% (in 2022-23) in Pakistan.
Related posts
-
Selling pressure at PSX: KSE-100 sheds over 2,000 points
Market faces downward pressure amid IMF concerns The Pakistan... -
Oil firms as market weighs Iran sanctions and talks over Russia-Ukraine ceasefire
Oil prices strengthened in choppy trade on Monday as... -
Pakistan’s sugar maker to install 200KW solar power plant
Tariq Corporation Limited (TCORP), engaged in the manufacturing of...