The recent report by Top10VPN.com revealed that Pakistan faced the highest financial losses globally from internet and social media outages in 2024, totaling $1.62 billion, due to frequent shutdowns primarily related to elections, information control, and protests. The Pakistan Software Houses Association (P@SHA) warned of significant losses, with 99% of firms affected and an estimated annual loss of 12 billion rupees for the telecom sector. This economic impact comes alongside Pakistan’s low rankings for mobile internet speed, as the government continues to provide implausible explanations for the disruptions, leading to a classification of “not free” on the internet by Freedom House.
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OCBC says it will not make further offers for Great Eastern even if delisting proposal fails
Oversea-Chinese Banking Corp (OCBC) announced it will not pursue another offer to acquire the remaining shares of Great Eastern if shareholders reject the delisting proposal on July 8. OCBC, which currently owns 93.72% of Great Eastern, plans to maintain its non-voting shares to restore free float and trading if the delisting does not proceed. Need More Context? 🔎
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