State Bank Wants to Ban Bigo Live and Similar “Immoral” Apps
The Pakistan Telecommunication Authority (PTA) has been directed by the State Bank of Pakistan (SBP) to block some live-streaming platforms due to concerns about immoral content and an excessive outflow of US dollars.
According to a document obtained by Al Sadat Marketing, the SBP observed significant amounts of foreign currency (FX) being remitted abroad by Pakistani individuals via certain social media platforms.
SBP discovered that these social media platforms mostly included live-streaming channels such as Bigo Live, Mico, StreamKar, and others while conducting an assessment of FX consumption. According to the bank, these websites are being used for creating and sharing immoral content in addition to virtual dating, and it is up to PTA to:
Block URLs and social media applications containing and promoting immoral, pornographic, and sexually explicit content and activites.
These platforms also engage in gambling via in-app casino games and other means. According to the State Bank, a total of $8.93 million has been remitted through these live-streaming platforms in the last two years.
As a result, SBP has directed PTA to review the content and activities on the aforementioned websites in light of the relevant social media guidelines and regulatory framework.
PTA should decide whether such applications/platforms could be blocked to prevent the spread of immoral content and activities to preseves the precious foreign exchange reserves of the country.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005