Works on subsea fiber optic cable to slow Internet in Pakistan 

In this file photo, operators handle an undersea fiber optic cable at Arrietara beach near the Spanish Basque village of Sopelana on June 13, 2017. (AFP/FILE)
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Updated 20 April 2022
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Works on subsea fiber optic cable to slow Internet in Pakistan 

  • Internet users may experience downgraded speeds from 02:00 AM to 07:00 AM on Thursday
  • Alternate measures to provide uninterrupted Internet services to users will be taken, says PTA 

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) announced on Wednesday that some users in the country may experience slower internet speeds on Thursday morning, April 21, due to maintenance work on the international submarine cable that provides Internet services to Pakistan.
Faults in the submarine cable that powers Internet services in Pakistan have disrupted speeds nationwide several times in the recent past. In February 2022, a submarine cable cut caused degradation in Internet service across Pakistan.
The fault was reported near a distance of almost 400 km off the coast of Pakistan near the United Arab Emirates and Oman.
“A power reconfiguration activity on a section of the international submarine cable, SMW4, will be undertaken on April 21, 2022, from 2 a.m. to 7 a.m.,” said the PTA.
“This may cause some Internet users to experience downgraded speeds during the mentioned time only,” it added.

 

The authority said it was taking alternate measures to meet capacity requirements and ensure uninterrupted Internet services to all users, with an intent to “return to full functionality” as quickly as possible.
“The availability of Internet services will be as usual throughout the country,” it added.
Earlier, a fault in the AAE-1 cable in December 2021 had also slowed down Internet traffic during peak hours.
In October last year, a fault in the submarine cable AAE-1 near Fujairah also caused degradation in services across Pakistan.
The AAE-1 is one of the six international submarine cables landing in Pakistan.
According to the PTA’s statistics, Pakistan has a total of 110 million broadband subscribers. International e-commerce platforms and investors have been pouring a lot of money into Pakistan to promote online markets.


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
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Pakistan regulator amends law to facilitate capital raising by listed companies

  • The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue
  • Previously, listed companies were prohibited from announcing a rights issue if the company, officials or shareholders had any overdue amounts

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Companies (Further Issue of Shares) Regulations 2020 to facilitate capital raising by listed companies while maintaining adequate disclosure requirements for investors, it announced on Monday,

The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue. Previously, listed companies were prohibited from announcing a rights issue if the company, its sponsors, promoters, substantial shareholders, or directors had any overdue amounts or defaults appearing in their Credit Information Bureau (CIB) report.

This restriction constrained financially stressed yet viable companies from raising capital, even in circumstances where existing shareholders were willing to support revival, restructuring, or continuation of operations, according to the SECP.

“Under the amended framework, the requirement for a clean CIB report will not apply if the relevant persons provide a No Objection Certificate (NOC) regarding the proposed rights issue from the concerned financial institution(s),” the regulator said.

The notification of the amendments follows a consultative process in which the SECP sought feedback from market stakeholders, including listed companies, issue consultants, professional bodies, industry associations, law firms, and capital market institutions.

The amendments are expected to enhance market confidence, improve access to capital for listed companies, and strengthen transparency within the rights issue framework, according to the SECP.

“To ensure transparency and protect investors’ interests, companies in such cases must make comprehensive disclosures in the rights offer document,” the regulator said.

“These disclosures must include details of any defaults or overdue amounts, ongoing recovery proceedings, and the status of any debt restructuring.”

The revised regulations strike an “appropriate balance” between facilitating corporate rehabilitation and enabling investors to make informed investment decisions, the SECP added.