AIRLINK 183.86 Increased By ▲ 3.00 (1.66%)
BOP 11.82 Increased By ▲ 0.15 (1.29%)
CNERGY 7.52 Increased By ▲ 0.02 (0.27%)
FCCL 46.38 Increased By ▲ 0.31 (0.67%)
FFL 16.15 Decreased By ▼ -0.11 (-0.68%)
FLYNG 27.78 Increased By ▲ 0.54 (1.98%)
HUBC 135.09 Increased By ▲ 3.02 (2.29%)
HUMNL 13.06 Increased By ▲ 0.04 (0.31%)
KEL 4.62 Increased By ▲ 0.05 (1.09%)
KOSM 6.20 Increased By ▲ 0.10 (1.64%)
MLCF 59.17 No Change ▼ 0.00 (0%)
OGDC 223.06 Increased By ▲ 1.68 (0.76%)
PACE 5.79 Decreased By ▼ -0.08 (-1.36%)
PAEL 44.95 Decreased By ▼ -0.59 (-1.3%)
PIAHCLA 17.66 Decreased By ▼ -0.30 (-1.67%)
PIBTL 10.66 Increased By ▲ 0.48 (4.72%)
POWER 11.73 Decreased By ▼ -0.12 (-1.01%)
PPL 187.05 Increased By ▲ 2.96 (1.61%)
PRL 36.27 Decreased By ▼ -0.27 (-0.74%)
PTC 24.77 Decreased By ▼ -0.19 (-0.76%)
SEARL 100.95 Decreased By ▼ -0.28 (-0.28%)
SILK 1.15 Decreased By ▼ -0.02 (-1.71%)
SSGC 36.96 Decreased By ▼ -0.30 (-0.81%)
SYM 15.69 Increased By ▲ 0.49 (3.22%)
TELE 7.88 Increased By ▲ 0.08 (1.03%)
TPLP 10.83 Increased By ▲ 0.19 (1.79%)
TRG 66.62 Increased By ▲ 6.06 (10.01%)
WAVESAPP 10.82 No Change ▼ 0.00 (0%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
YOUW 3.81 Increased By ▲ 0.10 (2.7%)
BR100 12,458 Increased By 125.9 (1.02%)
BR30 38,307 Increased By 534.6 (1.42%)
KSE100 117,001 Increased By 801.5 (0.69%)
KSE30 36,134 Increased By 227.9 (0.63%)

WASHINGTON: The US Treasury on Wednesday said it had extended by seven days the November 27 deadline given to the Chinese owner of TikTok to sell the popular social media platform's American business.

"The Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a one-week extension, from November 27, 2020 to December 4, 2020 to allow time to review a revised submission that the Committee recently received," a Treasury spokesperson said.

President Donald Trump's administration has expressed national security concerns over the app, claiming it could be used for Chinese espionage and threatening to ban it.

The ban has been challenged in courts, including a case in Washington and a separate filing by the app's "creators" in a Pennsylvania court, which blocked the ban on October 30, though the government is appealing that order.

Comments

Comments are closed.