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US passes bill to ban TikTok amid security concerns 

05:51 PM | 14 Mar, 2024
US passes bill to ban TikTok amid security concerns 

The United States House of Representatives has approved a bill that could potentially lead to the banning of the social media platform TikTok in the country.

The bill received broad bipartisan support, passing with a vote of 352 to 65. 

It now progresses to the 100-member Senate, where its future is less certain. President Joe Biden has expressed his intention to sign the bill into law should it reach his desk.

If enacted, the legislation would require TikTok's Chinese owner, ByteDance, to divest its US assets within approximately six months or face a ban on its video-sharing app in the US.

The motivation behind the bill stems from concerns that ByteDance may be influenced by the Chinese government, raising fears that the data collected from TikTok's large American user base could pose a national security risk, particularly given recent Chinese laws regarding data and intelligence gathering.

Despite ByteDance's claims of operating independently from the Chinese government, the bill has drawn criticism from Chinese officials, with the Chinese foreign ministry characterizing it as unjust and contrary to principles of fair competition and international trade.

Speaking in support of the bill, US Representative Cathy McMorris Rodgers emphasized the need for TikTok to distance itself from its Chinese parent company to continue operations in the US, framing the decision as a choice between aligning with the Chinese Communist Party or remaining operational in the US.

Critics of the bill have raised concerns about potential implications for freedom of speech and have called for more comprehensive data privacy protections rather than targeting specific companies.

Daily Pakistan Global Web Desk

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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