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Two cars gutted in garbage dump fire
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KARACHI: The TPL Corp Ltd (TPL), a Pakistani financial platform, and Abhi (Pvt) Ltd (Abhi) have join
KARACHI: The TPL Corp Ltd (TPL), a Pakistani financial platform, and Abhi (Pvt) Ltd (Abhi) have jointly entered into a share purchase agreement (SPA) with FINCA Microfinance Coöperatief U.A to acquire FINCA Microfinance Bank Ltd. In a stock filing on Friday, TPL Corp announced that after the approval of the board of directors, TPL and Abhi have jointly entered into a SPA along with other definitive agreements to acquire FINCA Microfinance Bank Ltd jointly. “The acquisition sets the stage for a transformative expansion of financial services across the country and represents a significant milestone in the journey toward financial inclusion in Pakistan,” it added.
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Recommended Reads had yet to comment on the reported outages till going to press. In August, the PTA said that internet services across the country were expected to remain slow till “early October”, since the submarine cable responsible for the disruptions would likely be repaired by then. “The ongoing internet slowdown across the country is mainly due to [a] fault in two (SMW4, AAE-1) of the seven international submarine cables connecting Pakistan internationally,” the PTA had said “It is updated that [the] fault in SMW-4 submarine cable is likely to be repaired by early October 2024,” the telecom authority had added. “Submarine cable AAE-1 has been repaired which may improve internet experience.”
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